Pending tax proposals could increase capital gains rates, among other things. These proposed changes could make a Charitable Remainder Trust look even better. A Charitable Remainder Trust can earn the donor an income tax deduction upfront and defer gains on its sale of assets. Attached is commentary on this subject by my friend and colleague Steve Hartnett, an estate planning expert. Read on to learn more.
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
Latest posts by Timothy P. Murphy (see all)
- Planning Now for the Possible Lowering of the Estate Tax Exclusion - June 14, 2021
- Post-Pandemic Updating: Beneficiary Designations - June 13, 2021
- Post-Pandemic Updating: Your Trust or Will - June 12, 2021
