When considering a sale of the property, one planning opportunity that a taxpayer may explore is a bargain sale to a charity.
Philanthropic giving involves consideration of several structures and depends on factors including client control, level of contribution or investment, and the ability and willingness of the client’s family to participate in administrating the endeavor.
Today’s low interest rates make charitable lead trusts a more powerful option for tax-efficient estate planning.
Donor-advised funds have increased in popularity because of recent legislative changes that affect charitable giving.
There is a unique opportunity this year for clients with charitable contribution carryforwards to 2020.