Welcome to our Learning Center
Browse our latest or list by category:
Gifting to Children and Grandchildren
/// By Melissa E. Sydney & Aviva Sapers Right now, individuals with large estates have an unprecedented opportunity to move assets out of their taxable estate down to their children and grandchildren. The current tax rules allow individuals to make lifetime gifts of up to $12.92 million during their lifetime ($26.84 million for married couples). … Read More Read More
Disinherit the IRS With a Zero Estate Tax Strategy
By Aviva Sapers For high net worth individuals, finding efficient techniques for limiting the amount that goes to the IRS when you die is always a challenge. Typically, your estate has three beneficiaries: your family, charity, and the IRS. No one has ever said they want to leave money to the IRS. Therefore, the questions… Read More Read More
Using Endowments for Sustainable Giving
One of the biggest challenges facing nonprofits with large individual donations, is losing an annual stream of income when the donor dies. While most nonprofits rely heavily on their annual fundraising campaigns, it is important, and sometimes vital, for nonprofit organizations to encourage such donors to endow their gifts – distinct from annual contributions –… Read More Read More
AALU: Defined Value Clauses: An Important Tool for Turbulent Times.
The purchase of life insurance products and their implementation into a client’s broader legacy planning strategy requires clients to navigate through a complex web of financial and cashflow management strategies, transfer tax considerations, and tax reporting obligations that must be approached differently on a client by client basis. Failure on the part of advisors to work… Read More Read More
Estate Planning Today for the World You Want Tomorrow
Often, when I begin a discussion with a client on estate planning, I remind them that they generally have three beneficiaries: family, charity, and Uncle Sam. I follow up with the question, “how much do you want to leave to each?” No one ever wants to leave their money to Uncle Sam, but the government… Read More Read More
A Better Way to Give: Donor Advised Funds Auditing Your Donors to Maximize Donations for Your Not-For-Profit
Many people believe in giving back, but under the new tax laws, it may not be as tax advantageous as it used to be. With the steady appreciation in the stock market – the longest bull run in history – some folks have achieved a level of wealth they never imagined. Our Charitable Strategies work… Read More Read More
AALU: Select Insights from the 2019 Heckerling Institute on Estate Planning
Presenters at the 2019 Heckerling Institute on Estate Planning highlighted the continuing ripple effect of the TCJA on planning, including the release of several regulations designed to implement TCJA provisions (including pass-through entity taxation and estate tax “claw back”), the allocation of the higher generation skipping transfer (GST) tax exemption to pre-TCJA transfers, and the… Read More Read More
Gifts in Perpetuity
Wooing, educating, maintaining annual gifts for Charitable Institutions is “tough business” for the thousands of fund raisers working desperately to meet ever increasing costs. Most annual gifts are the product of endless meetings, dinners, phone calls, tours and creative discussions. Once a donor has bought into the needs of the institution, there is an annual… Read More Read More
Intelligent Charitable Giving
Charitable Giving is an important topic for us at Sapers & Wallack year round, but especially during the holiday season when the needs of so many come under heightened focus. My family and I remain active supporters of many charities in the Boston area. We give as much as we can to those in need,… Read More Read More
Non-Profit Growth
During the downturn in the economy, the large non-profit sector was instrumental in helping to maintain jobs in the greater Boston area. According to federal data, over 17% of all Massachusetts jobs come from the non-profit sector. During the downturn, when most other businesses were downsizing or laying off workers, our non-profits created 16,765 jobs.*… Read More Read More
What can be Done with Old Life Insurance Policies?
The world of life insurance has changed. A secondary market has come of age in which investment pools are willing to purchase policies from others who are old or sick, and either don’t want the policies or can’t afford to pay the premiums anymore. Usually the policies are salable if the insured has an estimated… Read More Read More
Why so many Charitable Gift Annuities are Underwater…
Although many institutions that have offered CGAs to donors are concerned about the natural extension of life expectancy, or that a large number of female CGA donors could offset the life expectancy experience–increased longevity has not been the major factor of CGA failures. Read More
What to use: Family Foundations vs. Donor Advised Funds
Many wealthy families consider creating Family Foundations (FF) to secure a legacy of giving and to perpetuate philanthropy as a family value. A common question that arises, is whether a Family Foundation is a more appropriate vehicle for multi-generational giving than a Donor Advised Fund (DAF)? I think it’s worth looking at the advantages and… Read More Read More
Leaving a Vacation Home to the Next Generation: Does it Lead to Family Harmony?
As someone who has been in the estate planning world for 30 years I have had many clients ask for creative ways to leave vacation homes to their kids and grandkids while minimizing taxes. With that in mind, there are some great techniques, from QPRT’s to LLC’s, to pass assets down at discounted values, which… Read More Read More
S&W at Cradles to Crayons
On a Tuesday around 1pm, you would typically find Sapers & Wallack employees either working diligently at their desks or away at client meetings…but not this day! On October 27th, our whole office could be found at the Cradles to Crayons Giving Factory in Brighton, MA. It is here where we would continue on our… Read More Read More
Why Charitable Gift Annuities May Be a Bad Risk for Women’s Schools
It’s well known that women live longer than men. That’s great for women, but not so great for women’s colleges when it comes to the risks surrounding Charitable Gift Annuities. In fact, the combination of longer lifespan of alumnae and underperforming investments could actually be putting women’s colleges at a serious disadvantage. When it comes… Read More Read More
Smart Ways to Give
Do you typically make charitable gifts at year’s end by writing checks or using a credit card? If so, we would suggest you could increase your giving to be much more tax efficient by creating a donor advised fund (DAF) and donating appreciated assets to that fund. Then you can request the DAF to send… Read More Read More
Wealth replacement: Give $1,000,000 to your favorite charity and provide a greater inheritance for your heirs
Whenever a donor commits to a large gift, whether cash, donation of property, a Charitable Annuity or any other gift of present value, the use of a Wealth Replacement Trust should be discussed. The cash from the tax deduction available to the donor could replace the value of the charitable gift that might otherwise have… Read More Read More
Gifting Low Basis Stock to Charity
Should you give cash or donate stocks that have achieved long-term capital gains as you make gifts to charitable organizations? Charitable gifts to organizations are made with the best of intentions. But in addition to being well intended, giving to charity should also be well executed. In certain cases, it may be in the donor’s… Read More Read More
Doing well by doing good – Our team gives back to our community
It’s that time of year when snow falls, fires are lit, and families gather. A time for reflection and community. As a family-run business, the spirit of the holidays gives us a chance to renew our commitment to one of our core beliefs: that we do well by doing good. “It is important, given the… Read More Read More
Charitable Giving is at the heart of family businesses – Sapers & Wallack featured in MA Family Business Magazine
Giving back to our community is close to our heart and our team is involved in many charitable initiatives. Read more about our “Giving Back” philosophy in the recent Massachusetts Family Business Magazine. Read More
$100,000 IRA gift to charity – does it make sense?
Why IRA gifts are not the best option! The Tax Relief Unemployment Insurance Act of 2010 allows people over seventy years and six months of age to donate up to $100,000 of IRA assets to charity. This exemption sounds great on paper and many 501c institutions have mailed their potential donors to encourage the use of… Read More Read More