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Each fall, a sudden symphony, as a gaggle of estate planning professionals in V-formation transit National Estate Planning Awareness Week (NEPAW) and trumpet the accessibility of estate planning, Oct. 19-25. Estate planning provides the opportunity to reflect on what we give versus what we leave behind. Giving implies active, intentional action. You can't wing it. Planning with a giving mindset is a choice to demonstrate your family values, acknowledge a stroke of fortune, or fledge a lifelong p...
As the predictable pace of summer settles in, we can all recharge and review our charitable goals before the fireweed fades. Last year’s comprehensive legislation introduced a few new tax considerations for tax-wise donors. To start, the 2026 standard deduction increased to $16,100 for single filers and $32,200 for couples filing jointly. In addition, depending on income, some individuals over 65 may receive an additional deduction of up to $6,000. All to say, most of us will not itemize in 2026. For itemizers, charitable deductions must e...
If you are over 70½ and have an IRA, you have a powerful, tax-efficient way to support charities you care about: the Qualified Charitable Distribution (QCD), aka the IRA charitable rollover. This tax season, see if you have the opportunity to make charitable gifts directly from your IRA without paying income tax on the distribution. With a QCD, anyone over 70½ can send money from their IRA directly to a qualified charity. Because the gift goes directly from your IRA to the charity, it is not income to you. If you are over 73, a QCD can also c...
