Prior to the sale of appreciated assets (low basis/high market values) there are various options to reduce, defer or eliminate taxes.  One of the areas of planning that should be considered are the various charitable planning strategies.  These approaches can allow for the elimination of capital gains tax, create current income tax deductions and provide lifetime income.  Some of the approaches are:

 

• Donor Advisor Funds

• Family Foundations

• Charitable Remainder Trusts

• Charitable LLC (including the Ideal Plan)

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These approaches can create significant current and future tax savings and provide meaningful social benefits.  Unlike other tax strategies these approaches don’t defer the tax liability but rather can provide both current income tax savings and capital gains tax savings.