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Gassman crotty den
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Free cpece webinars
Dynamic & Creative Charitable Planning: What You Wish You had Known (Part 2)


Cost Free
Presentation Length 1.0 hour

Recorded DateDecember 28, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

CPAs can provide valuable suggestions to charitably inclined clients by informing them of strategies and arrangements, practical charitable giving, and tax rules that interact with each other—including a straightforward summary initially designed to cover the ordinary philanthropic landscape of the versatile estate planner. This webinar will answer common questions while also exploring will and trust provisions, lifetime giving, and other structures that can be remarkably simple and straightforward once the charitable rules’ extraneous and confusing parts are squared away.

Learning Objectives:

  • Define adjusted gross income limitation percentage rules as well as the associated tricks and traps, including the 100% of AGI charitable contribution trap when the taxpayer also has other itemized deductions

  • Identify will and trust provisions to enable beneficiaries to receive income tax deductions when their parents or others leave assets for charity

  • Identify issues and opportunities to maximize tax savings with donor-advised funds and community foundations for affluent families

  • Determine when to use incomplete charitable gift foundations, private foundations, and private operating foundations

  • Identify conversion between different types of non-profit entities

  • Determine how to have public charity status, notwithstanding control and donations being from one family

  • Identify how saving income tax on the sale of appreciated assets in conjunction with dedicating assets to a charity can be controlled by the family during the remaining lifetime of the donor

  • List NIMCRUTS to maximize benefits and flexibility

  • Determine the difference between the grantor and non-grantor CLAT status

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Gassman crotty den

Alan S. Gassman, J.D., LL.M., is a board-certified estate planning and trust lawyer who practices in Clearwater, Florida. He has an LL.M. in taxation from the University of Florida and practices in trust and estate planning, tax, wealth preservation, and the representation of physicians and medical practices.

Mr. Gassman speaks at many tax conferences, national programs, and national and local webinars, including Bloomberg BNA Tax and Accounting, the Notre Dame Tax and Estate Planning Institute, and at many other conferences and webinars.

About Our Presenter

Gassman crotty den

Our firm was formed in 1987 with one lawyer and a shared secretary and receptionist to provide representation to professionals, business owners and retirees in their estate and related tax and personal planning, business and corporate needs.

Since then we have grown to 6 lawyers and over 20 staff, which we have found over the past two decades to be the best size for us. We are very proud of our team, our systems, and our dedication to providing the best and most appropriate legal services for all clients, whether big or small. Our lawyers meet together almost every morning to discuss and work together on cases, strategies and practice improvement projects in order to work the most efficiently and effectively for our clients. We like what we do and enjoy working together.