Most donors recognize their estates are at peak levels and are discussing their planning options for this year and next with their professional advisors. Many CPAs are telling donors to increase their charitable deductions.
The economy is solid, interest rates are very reasonable, stock markets are at their highest level in years and real estate values are good.
The largest remaining tax deduction of the year may be available through charitable planning, which can include qualified charitable distribution’s from IRAs, Charitable Remainder Trusts and Charitable Lead Trusts.
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Charitable giving maybe complicated. You may wish to contact legal or tax advisers.
Cheryl A. Clark, CFP