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Posts Tagged ‘trusts’

Creating Trusts for Beneficiaries with Special Needs

access_time Posted on: September 21st, 2020

Teenage Boy In Wheelchair Playing Basketball With Family Join CGA and the YCEA for a Virtual Leadership Luncheon on Thursday, September 24th at 12 p.m for information on creating trusts for beneficiaries with special needs.CGA Law Firm’s experienced estate law attorney, Tim Bupp, will provide an overview of the types and applications of special needs trusts, as well as the uses of Pa ABLE accounts to assist in estate and personal planning. A special needs trust is a wonderful tool that can empower a person with disability (“PWD”) and their family, by preserving access to benefits while at the same time protecting… read more »

Charitable Remainder Trusts Boost Philanthropy, Defer Taxes

access_time Posted on: July 2nd, 2020

Charitable remainder trusts or “CRTs” are not as commonly utilized as in years past. Declining income tax rates, an increasing federal estate tax exemption, and decreased impact of the charitable donation tax deduction have combined to rob the CRT of some of its effectiveness. However, for philanthropic-minded donors who own the right kind of assets, a CRT can be exactly the right tool to defer or defeat capital gain or income tax, and at the same time create a charitable legacy for the community that sets an example for the family’s next generation.    Tom and Ann are retired and want to make… read more »

A Message from the Estate Practice Group Chair

access_time Posted on: March 25th, 2020

A message from the Estate Practice Group Chair In these difficult times, our first, last and foremost thought is the safety and well-being of our clients, our employees, and all of our families.  In such times of uncertainty, all of us desire the reassurance of knowing that essential estate planning documents are in place to provide for and protect our loved ones.  At CGA, our goal is to assure our clients that they have the strong and updated estate documents they need, provided in a manner that protects the safety of our clients, our employees, and our nation.  To that… read more »