In this month’s show R. J. Kelly discusses philanthropic issues, including the 1969 Tax Reform Act, which allows individuals to make planning decisions that benefit a charity as well as themselves.
Hear from Craig Sullivan, Esq., a Newport Beach attorney who specializes in tax law (CraigSullivan@SullivanLavin.com) as he discusses how his proprietary IDEAL Plan fits into business succession planning to reduce taxes associated with the sale of a business, and from Lynda Sands, Esq. of Asset Sentry (http://www.assetsentrylegal.com/), a San Diego attorney who does philanthropic planning, asset protection, and assists in the selection of the proper business entity structure for real estate investment investors and firms.
Listen in as they discuss the following topics with R.J.:
•The 1969 Tax Reform Act—why is this law important for charitable giving? What does it allow individuals to do
•Charitable Remainder Trusts –what is an annuity trust? What is a unitrust? What are the differences between
these two types of trusts?
•Charitable Lead Annuity Trusts
•Charitable gift annuities
•Gifts of a remainder interest—What is a life estate agreement and why should you use one?
•Use of these tools to: ◦reduce income, capital gains, estate, gift and generation-skipping taxes (and not go to
◦increase after-tax income or provide additional income sources
◦provide asset protection.
R. J. Kelly is the Founder and Chief Visionary Officer of the Wealth Legacy Group, Inc. in San Diego, CA. Learn more about R. J. and Wealth Legacy Group at www.wealthlegacygroup.com. Contact R. J. at (800) 975-5355 or firstname.lastname@example.org