Grantor retained annuity trusts (GRATs) have become popular estate planning tools for wealthy families. Implemented properly, a GRAT can provide guaranteed income for the grantor and pass on wealth tax free to beneficiaries. In this article, we’ll look at how GRATs are ...
Charitable contributions to benefit causes overseas can make a tremendous impact on people’s lives around the world. In fact, GiveWell.org estimates that while it costs more than $100,000 to provide a child twelve years of education in New York City, just $3,000–$5,000 ...
In a previous blog post, we discussed how charitable lead trusts (CLTs) could be used to gain a large tax deduction, offset other capital gains, and fund philanthropic interests. However, that is just one side of the charitable trust world; charitable remainder trusts ...