Colorado Probate Blog - Wade Ash Woods Hill & Farley, P.C.

Cyber Monday, Black Friday - Good Deals?

Shop "smart" this holiday season.  Scammers are watching for you...

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86 Hits

Some Thoughts on Gifting

This commentary is provided by an author who is both a senior lawyer on the one hand and a father and grandfather on the other.

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632 Hits

Protecting Americans from Tax Hikes Act (the "PATH" Act)

PATH Act of 2015 - Makes 3 charitable giving incentives permanent; clarifies valuation of charitable remainder trust interests.

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1213 Hits

House Fails to Pass Charitable Extender Bill

On December 11, the U.S. House of Representatives failed to pass the "Supporting America's Charities Act" that would have made permanent the ability of a taxpayer at least age 70 1/2 to make a direct charitable contribution from his or her IRA.  This provision expired at the end of 2013.  A majority of representatives voted for it, but House rules required a 2/3 vote.  The President had indicated his intention to veto the bill because it did not include any revenue provisions to offset the deductions.

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1197 Hits

Considering Charitable Giving

Josie M. Faix, Esq. Co-creator of the long-running television show The Simpsons, Sam Simon, was diagnosed with terminal colorectal cancer in 2012. Mr. Simon has used his grim news as a catalyst to increase his own charitable giving, and to encourage others to do so. He started the Sam Simpson Foundation in 2002 to benefit and protect stray-dogs from being euthanized. Since then he has given to countless organizations that care for animals, people, and the environment. Realizing he has a short time left, he has spoken publicly about his desire to give his estate to charity and the good his fortune will do for the causes he cares about. To read an interview with Sam Simon about his charitable works, visit Sam Simon. You don’t have to be dying or extremely wealthy to give more thought to your own charitable intent. There are tax-wise ways to give to your favorite causes and programs, including use of appreciated stock, retirement accounts, donor advised funds and private foundations. Give us a call to discuss charitable giving generally, and its coordination with your estate plan.

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1182 Hits