• Charitable Gifts and Bequests of Retirement Assets with Christopher Hoyt

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    Name: Charitable Gifts and Bequests of Retirement Assets with Christopher Hoyt
    Date: April 13, 2018
    Time: 7:00 AM - 9:00 AM CDT
    Event Description:
    The session will focus on strategies, traps and solutions for charitable uses of retirement assets, including “Charitable IRA Rollover” and using pre-tax dollars in retirement accounts to make charitable bequests. Also, an introduction to “income-based charitable bequests” – a way for an estate or trust to get income tax savings from charitable bequests. Most charitable bequests in today's wills and trusts are missing a huge tax-saving opportunity. We still use language from the 20th Century. That language produced a charitable estate tax deduction for those estates that were subject to the federal estate tax. In the 21st Century, few estates pay the federal estate tax. So, instead, charitable bequests in wills and trusts should be drafted to produce income tax savings. Use language that allows a trust or an estate to claim a charitable income tax deduction for charitable bequests. With fewer income taxes paid, other beneficiaries (such as children) can inherit a larger amount. Take-aways: When does "Charitable IRA Rollover" produce the most tax savings? When not? Strategies, traps and opportunities for charitable bequests from retirement assets. An introduction to “income-based charitable bequests” – a way for an estate or trust to get income tax savings from charitable bequests.
    Location:
    Kauffman Foundation Conference Center 4801 Rockhill Road Kansas City, MO 64110
    Date/Time Information:
    Friday, April 13, 2018 from 7:30 AM to 9:00 AM
    Contact Information:
    816-289-0099
    Fees/Admission:
    Guests are allowed one free meeting a year. $25 after first meeting. Members are free.
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