PIF v CRT-The Ultimate Throw Down

  • Choose Between a PIF and CRT

    PIF v CRT-The Ultimate Throw Down

    Randy Fox

    Pooled Income Funds (PIFs) and Charitable Remainder Trusts (CRTs) were both signed into law in the 1969 Tax Act. PIFs under §642(c)(5) and CRTs under §664. While different in many ways, they are also similar and in many other ways, and it is not unusual for a donor who is considering a […]

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  • Plan First

    Plan First, Sell Later

    by Randy Fox

    Why do we plan first and sell later, you ask? Fifteen plus years of working with advisors across the country have allowed me to observe a few things. Over these years, there have been several trends in the financial services industry: first, gathering assets has been a prime motivator in the […]

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  • 2020 - Do we have hindsight yet?

    2020: Do we have hindsight yet?

    by Randy Fox

    A few days into the year of perfect vision (something I never was blessed with) and I’m already wondering what has happened that is important.

    Well, it’s an election year. That’s probably important.

    And, at the end of 2019, they signed the SECURE Act into law. That means that IRA planning has just become […]

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  • Time Out

    Time for Time Out

    by Randy Fox

    Maybe I’m getting old and crabby (or crabbier) but it seems that no one respects time anymore. So, I’m calling a Time Out! Computers, rather e-mail, and cell phones have made contact anywhere, anytime, for any reason, unescapable. I’m used to long hours. Twenty years in the hospitality business teaches that. […]

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  • conservation-easements-under-irs-scrutiny

    Too Good to be True…

    by Randy Fox

    …Yup Conservation Easement Syndications Under IRS Scrutiny

    The ability for a landowner, rancher or farmer to set aside land that will never be developed for commercial purposes is well founded in our tax and legal system. The value of a conservation set aside (easement) is measured by the difference in the valuation […]

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  • Devil in the Details

    The Devil in the Details

    by Randy Fox

    Check and double check when making client decisions

    “Hi, my name is Randy and I’m a number cruncher. I admit that I can’t recommend anything to a client without running a projection. Or two.  Yes, I know it slows down the sale. Yes, I know once I show them the first set […]

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  • The World of Giving

    The U. S. Congress compiled a study on charitable giving in the United States in order to “reform” the charitable deduction. While no legislation has been proposed as yet, the statistics tell us a lot. The study is here 

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  • Documents are only Documents after all

    by Randy Fox

    It is common for financial planners (like me) to guide my clients into and through the estate planning process. The theory being that a good, well written, well considered estate plan will smooth the transfer of assets from the current generation to their heirs. That good planning, good documents, clear intentions […]

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  • The sky might be falling. Planning for potential tax changes

    The Sky Might be Falling! The Sky Might be Falling!

    by Randy Fox

    Planning for Potential Tax Changes

    Attorneys  Martin Shenkman, Jonathan Blattmachr, et al aired a webinar recently on year end planning in light of the upcoming 2020 presidential elections. During their presentation they focused heavily on the Bernie Sanders (and therefore Democrat) tax proposals that may be enacted should there be a change […]

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  • Charitable Donors

    The Price of Control:

    Why do Donors overlook Supporting Organizations?

    by Randy Fox

    In the considerably complex world of philanthropy where the goal is to give away money in order to effect positive change in the world, donors are faced with a number of choices: where to give their donations; what to give; and how to give are all […]

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