Is your family’s legacy at risk?
Private foundations are an ingrained part of American philanthropic history that goes back to the days of industry giants like Andrew Carnegie and John D.
by James W. LintottCharitable remainder trusts (CRTs) enable clients to convert appreciated assets into lifetime income streams, defer capital gains taxes, reduce estate taxes, protect assets from creditors and distribute funds to charities they’re favorable to.
by James W. LintottCharitable remainder trusts (CRTs) offer a number of benefits: an immediate income tax deduction, the ability to convert an appreciated asset into a lifetime income stream, the de-ferral of capital gains tax, a potential reduction in estate tax and protection from creditors, among others.
by James W. LintottWhat does it mean to create a legacy, and how is that task best accomplished? Is passing down to your children the value of charitable giving important to you? Are you interested in advancing causes you believe in while gaining significant tax deductions? If you answered “yes” to any of these questions, then a private foundation may be the right charitable vehicle for you.
by James W. LintottDisclaimer: Worth magazine is a financial publisher and does not recommend or endorse investment, legal, insurance or tax advisors. The listing of any firm in the 2023 Worth® Leading AdvisorsTM Program does not constitute a recommendation or endorsement by Worth magazine of any such firm and is not based upon Worth magazine’s experience with, or prior dealings with, any advisor. The information presented for each advisor, including but not limited to any related profile, statistical data, presentation, report, commentary, recommendation or strategy, has been provided by such advisor without review or independent verification by Worth magazine. Any such information is the sole responsibility of the advisor. Worth magazine makes no representation or warranty as to the accuracy or completeness of such information, assumes no liability for any inaccuracies or omissions therein and disclaims responsibility for the suitability of any particular investment recommendation or strategy for any person. Nothing contained in Worth magazine constitutes or should be construed as any form of investment, legal, insurance or tax advice or as a recommendation to buy, sell, hold or trade any securities, financial instruments or assets. Readers are advised to consult their legal, financial, insurance and tax advisors prior to making any investment or pursuing any investment strategy. Past, model or hypothetical performance is not indicative of future results.