Comments on: Charitable Remainder Trusts: Get a Donation Receipt Now for A Donation You Plan to Give at Death http://www.canadiancapitalist.com/charitable-remainder-trusts-get-a-donation-receipt-now-for-a-donation-you-plan-to-give-at-death/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: WhereDoesAllMyMoneyGo http://www.canadiancapitalist.com/charitable-remainder-trusts-get-a-donation-receipt-now-for-a-donation-you-plan-to-give-at-death/#comment-123264 WhereDoesAllMyMoneyGo Tue, 25 Mar 2008 19:21:33 +0000 http://www.canadiancapitalist.com/2008/03/25/charitable-remainder-trusts-get-a-donation-receipt-now-for-a-donation-you-plan-to-give-at-death#comment-123264 Hi Mike, I have heard from some experts that this is usually only warranted for gifts of $250,000+, but I've never heard a good reason as to why they picked such a large amount. Rather, I think it is something that you have to discuss with the charity you are planning on leaving the gift to. They will normally have some philanthropic advisors that help them facilitate such strategies and my guess is that they would be happy to receive any amount, and more than happy to discuss it with you. Also, the older you are, the more the present value of the gift will be for claiming the eligible donation amount. Hi Mike, I have heard from some experts that this is usually only warranted for gifts of $250,000+, but I’ve never heard a good reason as to why they picked such a large amount.

Rather, I think it is something that you have to discuss with the charity you are planning on leaving the gift to. They will normally have some philanthropic advisors that help them facilitate such strategies and my guess is that they would be happy to receive any amount, and more than happy to discuss it with you.

Also, the older you are, the more the present value of the gift will be for claiming the eligible donation amount.

]]> By: Four Pillars http://www.canadiancapitalist.com/charitable-remainder-trusts-get-a-donation-receipt-now-for-a-donation-you-plan-to-give-at-death/#comment-123259 Four Pillars Tue, 25 Mar 2008 18:26:22 +0000 http://www.canadiancapitalist.com/2008/03/25/charitable-remainder-trusts-get-a-donation-receipt-now-for-a-donation-you-plan-to-give-at-death#comment-123259 This sounds like a great plan if you want to give away some or all of your remaining money when you die but can still live off the income. Is this something you can do with a small amount of money? or is it something you should wait until retirement to think about doing? Mike This sounds like a great plan if you want to give away some or all of your remaining money when you die but can still live off the income.

Is this something you can do with a small amount of money? or is it something you should wait until retirement to think about doing?

Mike

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