Retirement Accounts and Charitable Giving

Family Real Estate Assistance

Family Real Estate Assistance It is somewhat common for family members to want to assist their loved ones with real estate purchases. Whether this is help with a down payment, outright gifting of a property, or some kind of loan. For estate and tax purposes; however, it is important to be clear about the type of help you are giving. Family real estate assistance can be an amazing gift if done right but good documentation is needed for this. We discuss potential mistakes and consequences for not creating this documentation in this podcast. Today we are joined by friend of the firm (and fellow Tucson attorney), Jeffrey Neff from Neff Law, PLLC. [https://www.nefflawaz.com/about.html]

A Look at the Hermitage

Today we are taking a look at the Hermitage No-Kill Cat Shelter & Sanctuary. Cats have a special place in many of our hearts. Several of our staff own cats and one of our attorneys, Jordan S. Young, even volunteers for the Hermitage. We discuss the Hermitage in this podcast because many of our clients discuss ways they would like to provide for the care of their pets after they pass. The Hermitage has a program specifically for this, so we believe taking a look at the Hermitage may give you some helpful ideas on how to incorporate your furry friends into your estate plans. This week we are joined by Michelle and Tiffany from the Hermitage No-Kill Cat Shelter & Sanctuary [https://www.hermitagecatshelter.org/].

AI and Deeds

AI and Deeds We have had many clients over the past couple of years wonder if Artificial Intelligence could create deeds and other documents for them. While AI can create documents, we do not often recommend using it for this purpose. AI lacks nuance and expertise. It can also make errors that are easy to overlook. In this podcast we discuss artificial intelligence’s role in creating deeds. We also touch on a human attorney’s role in the preparation of a deed and the positives they bring to the table. Today we are joined by friend of the firm (and fellow Tucson attorney), Jeffrey Neff from Neff Law, PLLC. [https://www.nefflawaz.com/about.html]

How Charitable Giving Works Best

Today we thought we would provide an example of how charitable giving works. We are joined by Alyce Sadongei [https://www.missiongarden.org/alyce-sadongei] the executive director of Mission Garden. [https://www.missiongarden.org/] Mission Garden is a favorite charity of Fleming & Curti, PLC. In this podcast, Alyce Sadongei and Robert B. Fleming discuss how a charitable organization operates and how gifts are likely to be used. You may feel tempted to leave a charitable gift with a caveat that it be used in a specific way. Charities would love to respect your wishes; however, restricting them may impinge on or distract from their mission. We speak about the importance of how charitable giving works best in organizations so that maybe you will feel more comfortable with a general gift. Getting to know a charity that really resonates with the soul is crucial for this.

Retirement Accounts and Charitable Giving

Retirement accounts offer one of the most effective ways to make charitable gifts. Actually, two of the most effective ways. Charitable giving using Individual Retirement Accounts (IRAs) can be very tax efficient during your life, especially if you are over age 70 (70 1/2, actually, but let’s not quibble). And if you have reached your “required beginning date” for mandatory distributions, the power of lifetime gifts from your IRA is enhanced even further. IRAs and other kinds of retirement accounts also offer one of the most efficient ways to make gifts upon your death. Join us for a discussion of some of the specifics. And keep an open mind about how you might increase your charitable giving using these marvelous instruments. This entire month we have been focusing on charitable giving as part of your estate plan. Check out our podcasts on other kinds of charitable planning ideas, and the specifics of one local Tucson [http://www.missiongarden.org] charity, Mission Garden [https://elder-law.com/podcast/mission-garden/]. In our next episode, we’ll talk with Mission Garden’s Executive Director about your favorite charity’s favorite way to receive donations.