Smart Giving

Tax Advantaged Planning For People Who Care.

Is Charitable Planning Right For You?

Do you have a cause that’s important to you?

Do you want more control over the taxes you pay?

Do you want other generations to understand your philanthropic wishes?

Then Charitable Planning may be the answer.

Through IMRC, we can help you design a plan to maximize tax-advantaged wealth planning strategies. Powerful tools such as Charitable Remainder Trusts, Charitable Lead Trusts, Donor Advised Funds and others can be used to create strategies based on your unique assets and needs. We work in cooperation with the nation’s largest independent provider of charitable planning and charitable trust administration. You can be assured that your plan will be professionally designed and properly executed and administered.

How can you know which plan is best for you?

Every family and situation is unique; therefore it takes great skill and experience to assure that your plan suits your specific needs.

These concerns can be accomplished through proper Charitable Planning techniques. For example: Funding a CRT with the sale of a small business:
The sale of your business may be an ideal time to consider the use of a charitable remainder trust. By using a CRT, you can avoid taxation of the gain of the sale of the business, generate a charitable deduction, remove assets from your estate, and realize charitable goals. We can provide detailed examples and illustrations of how this may work for you. Remember, you don’t have to sell your entire business entity for this to work. Business assets, such as real estate, work very well in this scenario.

Now is a great time for CLT-Charitable Lead Trust Planning! Why?

For persons with large taxable estates that are looking for creative techniques for reducing or eliminating estate taxes, consider a Charitable Lead Trust designed to produce a transfer tax deduction equal to the amount transferred. A CLT structured in this manner “zeros out” the transfer tax. In addition, a properly structured CLT will “zero out” the transfer cost regardless of the amount transferred to the trust. A key element in structuring a “zeroed out” CLT is the Applicable Federal Rate (AFR). When the AFR is low, the payout rate and trust term required to “zero out” the transfer tax can be lower. What does this mean? Now is a GREAT time for Charitable Lead Trust Planning.