Friday, May 1st, Attorney, Steve Berger, talks about charitable giving.
Most people’s largest asset is either their house or retirement accounts. When you are 70.5, you can make qualified charitable distributions from retirement accounts.
You can make a one time gift of a charitable gift annuity of up to $55,000.
A donor advised fund should have appreciated stocks and send to charity. You don’t pay any capital gains and you would get an immediate deduction.
Consider your expenses and what you want to pass to your children when deciding on an amount to gift.
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