Charitable Planning, Estate Planning, Planned Giving and Life Insurance

Without getting into too much detail, if your estate is of sufficient size - $5 million plus - to be concerned about estate planning there are unique planning ideas that can help you and your family minimize estate taxes, increase retirement cash flow to you and your spouse and to help a worthy charity (or charities) that you care about, as well as life insurance. Here's just one very simple idea out of many: One sets up what is called a charitable remainder trust. This trust gives a future donation of property or other assets (usually appreciated assets). The property is given today but the charity does not have access to that until both you and your spouse die. Say it is an apartment building purchased for $500,000 15 years ago and now worth $3,000,000. The View the rest of this article