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
Sample Questions 1 - 5
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