Conrad Teitell

April 23, 2021 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell discusses a case in which donors claimed Fidelity failed to follow their investment advice on a $100 million gift, and sought damages for diminution of their charitable deduction and funds available to benefit charity.

By Conrad Teitell

7 minute read

February 19, 2021 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell writes that the charitable deduction for cash gifts to public charities (except Donor Advised Funds and Supporting Organizations) of the 2020 law is available in 2021 with one improvement.

By Conrad Teitell

4 minute read

December 23, 2020 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell provides some last minute reminders and pointers: on the non-itemizer charitable deduction; the 100% AGI ceiling for an itemizer's cash gifts; and how to advantageously postpone direct IRA transfers to charity until early 2021.

By Conrad Teitell

4 minute read

October 23, 2020 | New York Law Journal

This is an especially opportune time for individuals who are "wealthy" (defined soon—in a gift and estate tax context) and charitably minded to create charitable lead annuity trusts, writes columnist Conrad Teitell.

By Conrad Teitell

8 minute read

August 21, 2020 | New York Law Journal

This is an especially opportune time for individuals considering giving their personal residences to charities by will to consider giving the residences to charities now, but retaining life enjoyment. They'll get significant income tax savings now for property that goes to charity at death, writes Estate Planning and Philanthropy columnist Conrad Teitell.

By Conrad Teitell

5 minute read

June 19, 2020 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell discusses how non-itemizers (those taking the standard deduction) may deduct up to $300 of cash gifts to publicly supported charities (other than Donor Advised Funds and Supporting Organizations) in 2020.

By Conrad Teitell

3 minute read

April 24, 2020 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell discusses a pending case in which donors claim Fidelity failed to follow their investment advice on a $100 million gift to Fidelity's Donor Advised Fund, resulting in damages for diminution of their charitable deduction and funds available to benefit charity.

By Conrad Teitell

4 minute read

February 21, 2020 | New York Law Journal

The SECURE Act kills the stretch IRA for most heirs. Until this new legislation, an heir could generally have required minimum distributions stretched over his or her life expectancy. And that minimized taxes—plus the assets in the heir's IRA grew tax-free until withdrawn. In his Estate Planning and Philanthropy column, Conrad Teitell discusses the ramifications of the Act's changes.

By Conrad Teitell

5 minute read

December 20, 2019 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell discusses the IRS's annual inflation adjustment rules on minor quid pro quo benefits received for charitable gifts, and indexing of tax tables, personal exemptions, standard deductions and other tax provisions.

By Conrad Teitell

5 minute read

October 25, 2019 | New York Law Journal

The tax law encourages volunteers by allowing them to deduct the unreimbursed expenses they incur in helping charitable organizations. Conrad Teitell explores this topic in this month's edition of his Estate Planning and Philanthropy column.

By Conrad Teitell

6 minute read