Arogyaswami (Paul) Paulraj and his wife Nimi grew up in Catholic families in India where Christians make up about 3% of the population, and Catholics are a smaller percentage still. While most of their friends and some family members did not share their faith, Nimi...
At the end of 2022, Congress passed the new budget law that included provisions from the “Secure Act 2.0.” The main goal of these new laws is to enhance retirement benefits, but there are also some interesting philanthropic implications. Required Minimum Distribution...
Looking for ideas to maximize your end of year giving? Follow along with us as we cover 12 tips for giving this Christmas season. Day 1: Donate Appreciated Assets Donating appreciated assets to charity is an excellent way to support the causes you care about. A...
Written by Succession Advisors A charitable remainder trust (“CRT”) is an example of a “split interest” trust. It has two sets of beneficiaries: (a) the “income” beneficiary that is not a charity; and (b) the “remainder” beneficiary that is a charity. The CRT states...
Written for the Succession Advisors website Qualified Personal Residence Trusts (“QPRTs”) Can be Used to Effectively Transfer an Interest in a Residence A QPRT is a trust that may be used to transfer an interest in a principal residence and/or one “vacation home” on a...
A simple idea for multi-generational charitable flexibility We have seen increased interest in including Donor Advised Funds as part of donors’ charitable estate gifts. They can be set up during the donors’ lifetimes (and added to upon their death) or simply created...
