The SECURE Act, signed into law at the end of December and effective Jan. 1, 2020, has sent estate planning attorneys, financial advisors, accountants and insurance professionals into a frenzy to figure out how the law will impact their clients’ retirement and estate plans.Read More.
Throughout the year, we have featured ways that your clients likely can save substantial tax dollars simply by donating appreciated property to fund their charitable contributions. And timing those contributions so that they are made in a year when their tax bracket will be higher and/or in a year when they will exceed the new, higher standard deduction and therefore be able to itemize their charitable contributions. As the giving spirit increases this time of year, we reiterate these simple …Read More.
Estate planning, real estate and business succession planning lawyer Gary Chapman, Bose McKinney & Evans, CPA Bill Owen, BGBC Partners LLP, and CPA and wealth planner Jeff Yu, Column Capital Advisors, guided their client, a joint real estate and LLC owner, in the donation of their interest in the LLC prior to the sale of the commercial real estate owned by the LLC. This resulted in their client avoiding most—if not all—capital gains tax liability associated with the increase in value of t…Read More.
With the announcement of CICF’s new mission and strategic direction comes new opportunities to engage—in a new and more direct way—with people interested in addressing our community’s deeply rooted disparities. Our board and staff have bravely and boldly made a generational commitment to address racial inequities. We are ready and willing to do this work while continuing to make your client’s and any charitably minded person’s philanthropy match their passions and interests. We do…Read More.
CICF's philanthropic advising services are one key feature that sets our donor-advised funds apart. The CICF Professional Advisor Leadership Council (PALC) got to experience first-hand the kinds of exercises we take individuals and families through in order to become strategic and intentional philanthropists.Read More.
The Tax Cuts & Jobs Act (TCJA) went into effect on January 1, 2018, but as you well know, 2018 taxes were not due until a few days ago, meaning your clients may not have fully understood what the TCJA meant for their bottom line until recently. Or perhaps your clients knew how the TCJA would impact their 2018 taxes and intended to bunch their charitable contributions into a donor-advised fund at the end of the year using appreciated stock. But the stock market tanked in December, and understa…Read More.