You’re certainly aware that talking about charitable giving is an important agenda item during client meetings, even with so many other topics you’ll need to cover. Attorneys, accountants, and financial...
You’ve probably read the statistics that the majority of heirs are likely to fire their parents’ advisors. Naturally, whether you are an attorney, accountant, or financial advisor, you’d like to...
Due to a sunset provision built into the TCJA, unless Congress intervenes, the federal exemption from transfer taxation (currently $13.61 million per person) is scheduled to decrease to approximately $7...
The Donor Advised Fund Research Collaborative (DAFRC) has released the 2024 National Study on Donor Advised Funds. This is the largest independent study on donor advised funds to-date. 111 DAF...
It’s not your imagination! More and more of your clients are investing in private markets instead of simply limiting their strategies to stocks listed on the exchanges. Indeed, the number...
President Biden’s fiscal year 2025 budget requests are hot off the press. Included in the revenue proposals are provisions that eliminate counting payments to certain “disqualified persons” (including family members)...
On February 29, 2024, the Department of Treasury issued a notice of a public hearing on the Proposed Regulations which will be held on May 6, 2024, at the IRS....
The EPIC Omnibus bill was signed into law on February 21, 2024, and takes immediate effect. 2024 PA 1. The new law, put forward by the Probate and Estate Planning Section...
Taxes on Taxable Distributions from Donor Advised Funds (IRC §4966) The IRS released the first installment of proposed regulations in November of 2023 providing guidance on certain tax rules applying...
Despite the Qualified Charitable Distribution’s (QCD) position as a financial media darling, mentioned in hundreds of articles every week, it’s still not an easy concept to get your head around....