Categories
Estate Planning Legal Topics Tax Law

Act Now on Direct IRA Distribution to Charity

180779637Under IRC §408(d)(8), IRA owners over age 70 ½ can distribute up to $100,000 per year directly to charity and never recognize any income on the distribution. But to get this benefit, you must act fast because the law expires at the end of this year.

Categories
Elder Law Estate Planning New Legal Developments Tax Law

Estate Planning in the Age of Obama: Where Is Tax Law Headed?

The unexpectedly decisive re-election of President Obama, and the apparent stability of his electoral coalition, confronts estate planners with a new political reality. Here are my thoughts on where tax law is likely to go.

Categories
Business Law Estate Planning Legal Topics Tax Law

Charitable Giving and Getting

Of course giving is its own reward, but most people appreciate the tax breaks that come along with charitable giving. Attorneys on both sides of the transaction — prospective donors and California nonprofit charitable organizations — need to understand these tax incentives to maximize the benefit of charitable giving for those who make these contributions and the charities that receive them.