Charitable Deductions for Estates and Trusts

In this video, we will cover:

  • Basics of Income Taxation of Estates and Non-Grantor Trusts
  • Differences in the Income Tax Charitable Deduction for Individuals, of the One Site, and Estates and Trusts on the Other
  • How the Income Tax Deduction for Estates and Trusts Works
  • When it will be more efficient to Garner the Deduction from an Estate or Trust Rather than from an Individual
  • The Dangers of seeking a Deduction for a Charitable Contribution by an Estate or Trust which has Imputed income from a pass Thru Investment
  • Why you will want to Authorize Charitable Contribution in almost every trust you draft