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

Related Articles
  1. Financial Advisor

    Why Millennials Should Talk Philanthropy Soon

    Charitable giving can provide advisors planning opportunities with millennials. Here's why.
  2. Taxes

    Why 2016 Is an Especially Good Year to Donate to Charity

    If you've had a good year financially and you want to give back by supporting a charity, now might be a good time to do so.
  3. Managing Wealth

    The Best Charitable Remainder Trust for You

    Help a favorite cause and avoid a tax bite: These are the key reasons to set up a CRT. But which version best fits your needs?
  4. Taxes

    Is The Billionaire Charity Pledge A Good Idea?

    Will Bill Gates' call for billionaires to become more active in charitable giving do all the good it could?
  5. Insights

    Gift-Giving Etiquette

    Here's a look at how much you should spend and what you should give this holiday season.
  6. Taxes

    Tips on Charitable Contributions: Limits and Taxes

    An overview of the limits and tax deductions of charitable donations.
  7. Taxes

    Valuable Year-End Tax Moves for 2016 (Part Three)

    Here's a look at tax strategies for itemized deductions, charitable gifts and other tax credits.
  8. Taxes

    Are Your Heirs Legally Bound to Pay Your Charity Pledges?

    How to avoid a court battle over whether your estate is required to pay the charity pledges you made.
  9. Financial Advisor

    Charity or Retirement Saving: Which to Prioritize?

    Financial planners need to help clients with their financial goals but also support them in their philanthropic endeavours.
  10. Retirement

    How to Minimize Estate Taxes via Charitable Giving

    Here are several ways to reduce your taxable estate while providing a gift to a worthwhile cause.
Frequently Asked Questions
  1. What are the Differences Among a Real Estate Agent, a broker and a Realtor?

    Learn how agents, realtors, and brokers are often considered the same, but in reality, these real estate positions have different ...
  2. What is the difference between amortization and depreciation?

    Because very few assets last forever, one of the main principles of accrual accounting requires that an asset's cost be proportionally ...
  3. Which is better, a fixed or variable rate loan?

    A variable interest rate loan is a loan in which the interest rate charged on the outstanding balance varies as market interest ...
  4. What is the 1003 mortgage application form?

    Learn about the 1003 mortgage application form, what information it requires and why this form is the industry standard for ...
Trading Center