PLDO Law Blog

Month: August 2020

Terminating Your Interest in a Charitable Trust

Terminating Your Interest in a Charitable Trust

A charitable remainder trust (“CRT”) is typically established as an irrevocable trust with an income stream reserved for the person who creates the trust (“the grantor”). When the income stream terminates, the remaining interest in the trust is donated to a charity. A...

HOW TO BUY ULTRA-DANGEROUS ASSETS

It’s never a good idea to buy an asset, like a boat or plane, in your own name or to have multiple parties on the title. First of all, when your name is on the title, you are personally liable for any damage that the asset may cause. For example, you and Joe own a...

SO, YOU WANT TO WRESTLE AN ALLIGATOR?

Before base jumping into the miasma of risk, the first thing you should do is make sure your estate plan, in its current iteration, meets your needs and has adapted to any challenging or changing family situation. A well-rounded estate plan is literally more of a life...

HASTE MAKES WASTE . . . CASH THE CHECK.

One never knows what corner the grim reaper lies behind. A final illness can often accelerate quickly and deprive a donor of adequate time to complete gifts for tax purposes that he intended to make. In a recent federal court case, the Third Circuit Court of Appeals...