CFP

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Deferral And Minimization Of Estate Taxes - Inter-Vivos and Testamentary Charitable Gifts

Inter-Vivos and Testamentary Charitable Gifts
Inter-vivos and testamentary refers to "living" and "after death" charitable gifting. They are both effective transfer methods for removing assets from an estate and obtaining a charitable deduction.

Inter-Vivos (living) Charitable Gifts:

  • Outright gifts of cash or property
  • Use of a CRUT or CRAT
  • Use of a CLAT or CLUT
  • Donor advised funds
  • Establishing your own private foundation
Testamentary (after death) Charitable Gifts:

  • Charitable gifts directed in the will (direct to charity)
  • Irrevocable trusts that are created at death for charitable purpose
  • Creation of private foundation at death
  • Spousal disclaimers that are passed to charity
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