Estate planners who want to maximize their estate for their beneficiaries but reduce their estate for tax purposes have a wide range of tools to choose from. Trusts are one of the many ways to transfer money from an estate into separate mediums for the beneficiaries. Although we've discussed … [Read more...] about Understanding Grantor Retained Annuity Trust (GRAT)
How Can Fiscal Sponsorship Help My Non-Profit?
The idea of starting and running a non-profit may put some people off. In addition to state and federal requirements, there is considerable administrative work that goes into starting and continuing a non-profit organization. But it’s possible to do a non-profit mission or project without … [Read more...] about How Can Fiscal Sponsorship Help My Non-Profit?
What Are the Benefits To Planned Giving to Nonprofits?
Nonprofits perform important functions in society. From animal rescue groups and small neighborhood clinics to city- and nationwide organizations that help large sectors of people, nonprofits offer help right where it’s needed. People who begin nonprofits, believe in the work they do, or have … [Read more...] about What Are the Benefits To Planned Giving to Nonprofits?
Educational Trusts for Grandchildren
Estate planning can encompass a wide range of instruments that can preserve wealth and provide your grandchildren with an education that will serve them well in the future. But just leaving them a large sum of money in your will that you’ve earmarked for “education” may not be the best idea. … [Read more...] about Educational Trusts for Grandchildren
Form 990 And Nonprofits
It may sound backward that a nonprofit that’s tax-exempt would have to file a tax return. But like for-profit companies, nonprofits are also required to file yearly reports. Form 990 is the IRS form available to use in filing. The IRS requires nonprofits to report every year things like: • … [Read more...] about Form 990 And Nonprofits
