The ABA Real Property, Probate & Trust Section is offering a teleconference and webcast today on Charitable Planning in the New Tax Environment from 1:00 p.m. – 2:30 p.m. EST:
The Pension Protection Act of 2006 included many changes that affect charitable giving, including incentives for lifetime gifts from IRAs (“Charitable IRA Rollover”), gifts from Subchapter S Corporations and gifts of conservation easements. It also imposed new restrictions on donor advised funds and supporting organizations. In addition to new appraisal rules and restrictions on partial interests in artwork and other types of gifts, new records will be required to substantiate cash gifts under $250 beginning in 2007.
What advice should professionals give their clients planning for charitable gifts during the remainder of this year and for next year? What impact will the new Democrat-controlled Congress have on charitable planning?
After listening to this program and reading the course materials, you will be able to:
- Identify when an IRA is a good source for a charitable gift and when another asset might be a better option
- Discuss the new rules for donor-advised funds and supporting organizations and understand why they are still great tools for accomplishing philanthropic objectives
- Explain the new rules for gifts of property, new appraiser penalties and other provisions that will take effect in 2007
- Evaluate differing views on what to expect in 2007 with the new Congress
Faculty:
- Christopher R. Hoyt (Moderator) (University of Missouri-Kansas City)
- Victoria Bjorklund (Simpson Thacher & Bartlett, New York)
- Jerry J. McCoy (Law Office of Jerry J. McCoy)
