Wednesday, June 9, 2010

Charities and other non-profits feeling a pinch from estate tax repeal?

This is a very interesting suggestion. The commentator has opined that some charities and other non-profit organizations may feel a side-effect from this year’s estate tax repeal.

"Charitable giving is often a part of estate planning, and one goal of estate planning is to reduce tax liability. Charity has the benefit of being a good deed and sheltering wealth from taxes. If there are no estate taxes to avoid this year, there will certainly be estate planners who decide to pass all income to heirs rather than distributing wealth to needy organizations."

Posted via web from The Modern Planner

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