Planned Giving: Fun With Taxes and Probate

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This presentation will first give an overview of the probate process, its challenges as well as benefits, and why it’s advantageous to avoid it. It then goes through the pros and cons of giving to individuals during life versus at death. Next is a discussion of charitable gifts having immediate impact compared to gifts taking effect after one’s passing. This includes Secure Act 2.0 updates as they relate to QCDs. There is an explanation and illustration of gifts that generate income for the donor. Finally, there’s an overview of how estate taxes work, and an example of how charitable bequests can significantly reduce the estate tax liability.

​Learning Objectives

Upon successful completion of this learning activity, you will confidently be able to:​

• Summarize the probate process, its challenges as well as benefits, and why it’s advantageous to avoid it.
• Understand the pros and cons of giving to individuals and charities during life versus at death.
• Compare charitable gifts having immediate impact versus gifts taking effect after one’s passing. (This includes Secure Act 2.0 updates as they relate to QCDs.)
• Recognize gifts that generate income for the donor.
• Understand how estate taxes work and how charitable bequests can significantly reduce the estate tax liability.

Presenter

Jennifer Lehman PhD, JD, CFP^®, CAP^®

Bonus Content

CFP^® CE Credit

This content is eligible for one hour of CFP^® continuing education (CE) credit.

If you hold the CFP^® mark and would like to receive CFP Board CE credit for this content, please ensure your CFP^® ID number is entered here.

The College’s Professional Recertification Program (PRP)

This content is eligible for one hour of PRP continuing education credit.

To begin, click on the button below. As you move through the content, make sure to mark each page complete by clicking on the appropriate button, and then click Next Lesson at the bottom of each page. Once you complete the entire activity, the progress bar will show 100%.

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