In this session we:
- Went over scenarios of how individuals and families can benefit from Donor-Advised Funds and Charitable Remainder Trusts by using highly appreciated stocks and other complex assets
- Reviewed Donor-Advised Funds (DAFs)
- How DAFs work to achieve charitable goals, provide tax benefits and make your giving easier
- What type of assets can and cannot be used to establish DAFs
- Private Foundations vs. DAFs
- Covered Charitable Remainder Trusts (CRTs)
- How CRTs work to create an income stream during your lifetime, defer gains on the sale of appreciated assets, and provide a charitable deduction
- How CRTs can be used as a part of a client’s estate plan to support heirs and provide future benefits to charity(ies)
- How CRTs can be a substitute for the stretch provisions of IRAs that were eliminated by The Setting Every Community Up for Retirement Enhancement (SECURE) Act enacted on December 20, 2019
PANELISTS:
Ray Grimaldi, CPA, PFS, CFP, AEP, CVA, Senior Counsel, The Bonadio Group
Marie Norkett, CFP®, Wealth Manager, Capital One Investing
Rob Scolaro, Esq., Scolaro Law, PLLC
