A CRT defers taxes upon the sale of farm equipment and provides cash flow to donors.

An understanding of a CLT is critical for any gift planner who wants to be in a position of becoming a donor's or potential donor's advisor. In order to do so, a gift planner must understand how a CLT works and be prepared to respond if other advisors to the donor should advise a CLT in the donor's financial, estate and charitable planning. This article presents the concept of this complex planned giving vehicle, different types and technical obstacles to setting one up. Examples are worked through in an attempt to show participants how to determine the appropriateness of a CLT for any particular donor. Lastly, advanced uses are addressed, with the specific facts and consequences presented.

On November 8, 2019, the Board of ACGA reviewed the assumptions underlying suggested annuity rates for CGAs, as part of its ongoing monitoring of the industry and the economy. Shortly thereafter, ACGA announced a decrease in suggested minimum payout rates, effective for gift annuities established on or after January 1, 2020 (New Rates), replacing old rates in effect since July 1, 2018 (Old Rates).

As discussed in Tax Analysts, some commentators are questioning whether the recently announced promise by IRS, that it would not try to clawback the "bonus" exemption, may not be applicable in all situations.