The September 9, 2010 edition of the Chronicle of Philanthropy reports that non cash donations are expected to rise as a form of year end giving.
The September 9, 2010 edition of the Chronicle of Philanthropy reported that the ongoing uncertainty over tax rates is prompting an increase in charitable giving. That trend is expected to continue through year end. Here is the quandary. In 2011, income tax rates are expected to increase—potentially significantly. Those increased tax rates will predictably lead to less disposable income.
How many people do you know who describe with glee the meeting with their estate planning attorney? To the contrary, I know many who’ve been working on their estate plan for years. In fact, the plan will remain incomplete unless of course, they are facing international travel which will sometimes prompt a hurried meeting with the lawyer.