Charitable Transfers - Outright Gifts

Outright Gifts
If a taxpayer is looking to reduce the size of their taxable estate prior to death, they might want to consider gifting to their favorite charities while they are still alive. Public charity donations will allow the taxpayer to deduct their donation up to 50% of the adjusted gross income (AGI), and 30% for private charities.

For simplicity, some donors may elect to establish their charitable legacy as part of their estate plan, by leaving a charitable bequest through their will. A bequest to a qualifying charity entitles the decedent's estate to the estate tax charitable deduction. By including this in your will, it may take several forms, such as property, a fixed dollar amount or a percentage of the estate. Charitable Remainder Trusts


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