Details

The Power of Leveraging the Charitable Remainder Trust


The Power of Leveraging the Charitable Remainder Trust

Your Secret Weapon Against the War on Wealth
1. Aufl.

von: Daniel Nigito

19,99 €

Verlag: Wiley
Format: PDF
Veröffentl.: 15.09.2009
ISBN/EAN: 9780470557075
Sprache: englisch
Anzahl Seiten: 304

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Beschreibungen

<p>A practical guide to avoiding accidental philanthropy and controlling your tax destiny</p> <p>Written by Daniel Nigito-a financial services expert whose programs have saved families millions in tax dollars and created millions more for charities across the United States-this timely guide will show you how to use the simple, yet powerful strategy known as "charitable leverage" to regain control of your financial life.</p> <p>This proven approach, which allows you to become a partner with charity while gaining control over your tax destiny <i>and</i> providing for you and your family, taps into the unique tax characteristics of two financial instruments-the Charitable Remainder Trust (CRT) and Cash Value Life Insurance (CVLI)-in order to achieve some amazing goals.</p> <ul> <li>Offers insights on increasing your current income while paying less tax on it</li> <li>Discusses how to develop real asset protection without moving your money offshore or using complicated and often questionable tax schemes</li> <li>Details how you can build a personal tax-deductible retirement account that does not interfere with other retirement plans</li> </ul> <p>The best way to avoid becoming an accidental philanthropist is by understanding how to make taxes work for <i>you</i>. <i>The Power of Leveraging the Charitable Remainder Trust</i> will show you how to do this and, in the process, add meaning to your money.</p>
<p>Acknowledgments ix</p> <p>Disclaimer xi</p> <p>Introduction: Is this the Change You Can Believe In? xiii</p> <p><b>Part I Welcome to the War on Wealth</b></p> <p>Chapter 1 The Weapons of Mass Destruction in the War on Wealth 3</p> <p>Chapter 2 Accidental Philanthropy—Adding Insult to Injury 17</p> <p><b>Part II The Road to Wealth is Paved with Charitable Intentions</b></p> <p>Chapter 3 How to Fight Back Against the War On Wealth 25</p> <p>Chapter 4 Unleashing the Power of Charitable Leverage 31</p> <p>Chapter 5 The First Component to Charitable Leverage—The Charitable Remainder Trust 37</p> <p>Chapter 6 The Second Component to Charitable Leverage—The Cash Value Life Insurance Contract 63</p> <p>Chapter 7 Blowing Up the Paradigms 85</p> <p>Chapter 8 Your Battle Plan for Fighting Back Against the War on Wealth 99</p> <p>Chapter 9 Why It Works 121</p> <p><b>Part III War Stories from the Battlefield </b></p> <p>Chapter 10 How to Use Charitable Leverage to Build a Personal Supplemental Retirement Plan 141</p> <p>Chapter 11 Charitably Leveraged Supplemental Retirement Plan for the Bold and Beautiful 149</p> <p>Chapter 12 Charitably Leveraged Supplemental Retirement Plan for the Young and Restless 171</p> <p>Chapter 13 Charitably Leveraged Supplemental Retirement Plan for the Old and Cranky 191</p> <p>Chapter 14 How to Use Charitable Leverage to Fund the Grandparents’ Legacy 201</p> <p>Chapter 15 A Grandparents’ Legacy War Story and Comparison 215</p> <p>Chapter 16 How Businesses Can Use Charitable Leverage to Attract and Retain Key Employees 239</p> <p>Chapter 17 Can Charitable Leverage Save Your IRA? 261</p> <p>Epilogue 275</p> <p>About the Author 277</p> <p>Index 279</p>
<b>DANIEL G. NIGITO</b> is the Chairman and CEO of Market Street Financial Advisors, LLC, and its subsidiary, Market Street Philanthropic Advisors, Inc. The combined mission of the two companies is to "provide wealth management for people who want to add meaning to their money." The company specializes in using charitable remainder trusts and family foundations to provide strategies for wealth accumulation, preservation, and transfer for private clients and their families. He is the author of two previous books, <i>Avoiding the Estate Tax Trap</i> and <i>Don't Die Until You Read This!</i> To learn more about Dan and avoiding accidental philanthropy, visit www.Nigito.com.
<p><i>Are you an Accidental Philanthropist?</i> <p>The current state of our tax system penalizes those who work the hardest, take the risks, and actually buy into capitalism and free markets. This severely flawed system, which taxes the same dollar up to five times, is going to get worse in the years ahead. The result of this situation makes many of us accidental philanthropists—wherein the U.S. Congress redistributes the taxes <i>you</i> pay, without <i>you</i> having a say as to where that money goes. <p>While our government continues to wage its "war on wealth," there is a way in which you can fight back. And with <i>The Power of Leveraging the Charitable Remainder Trust,</i> author Daniel Nigito—whose programs have saved families millions in tax dollars and created millions more for charities across the United States—will show you how. <p>The simple, yet powerful strategy outlined here, known as <i>charitable leverage</i>, allows you to become a partner with charity while gaining control over your tax destiny and providing for you and your family. Based on two financial instruments—the Charitable Remainder Trust (CRT) and Cash Value Life Insurance (CVLI)—that are rooted in our tax code and have been hiding in front of us for decades, Nigito's new type of wealth management reveals how inverting the way these two tools are normally used can produce some amazing results for both individuals and charities. <p>Divided into three comprehensive parts—Is This the Change You Can Believe In?, The Road to Wealth Is Paved with Charitable Intentions, and War Stories from the Battlefield—this reliable resource: <ul> <li>Reveals how the current tax structure and redistribution of wealth can easily make you an accidental philanthropist</li> <li>Breaks down the mechanics of charitable leverage, so you can clearly see how it works</li> <li>Discusses how you can apply a charitably leveraged strategy in specific everyday financial planning scenarios</li> <li>Follows each planning strategy with a case study that plugs in real numbers and then compares it with its traditional and "accidentally philanthropic" alternative</li> </ul> <p>Charitable leverage, while not for everyone, is remarkably simple and produces some amazing results. With it, you can build alternative methods for the accumulation of wealth without tax, while fueling your favorite charities with dollars that might otherwise be lost to the whims of Congress. You can also use this technique in supplemental retirement plans, grandparent gifting plans, and employer-sponsored key executive deferred income plans. Whatever your goal, the insights and advice found in <i>The Power of Leveraging the Charitable Remainder Trust</i> can help you achieve them.

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