Conrad Teitell

June 22, 2015 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell writes: Most mess-ups with charitable remainder and lead trusts involve defectively drafted trusts. Sometimes a defect can be cured by a statutory reformation or by a Hail Mary Pass—the scrivener's-error doctrine. But what about a perfectly drawn split-interest charitable trust where the mess up involves ineffectively choosing the most favorable IRC §7520 month for maximizing the charitable deduction?

By Conrad Teitell

8 minute read

June 19, 2015 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell writes: Most mess-ups with charitable remainder and lead trusts involve defectively drafted trusts. Sometimes a defect can be cured by a statutory reformation or by a Hail Mary Pass—the scrivener's-error doctrine. But what about a perfectly drawn split-interest charitable trust where the mess up involves ineffectively choosing the most favorable IRC §7520 month for maximizing the charitable deduction?

By Conrad Teitell

8 minute read

April 27, 2015 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell discusses the Slain Officer Family Support Act of 2015, which provides an exception to the well-settled law that gifts to individuals, no matter how worthy, aren't deductible as charitable contributions, along with rulings on otherwise deductible gifts to charities that raise questions on whether they were earmarked for a specific individual.

By Conrad Teitell

11 minute read

April 24, 2015 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell discusses the Slain Officer Family Support Act of 2015, which provides an exception to the well-settled law that gifts to individuals, no matter how worthy, aren't deductible as charitable contributions, along with rulings on otherwise deductible gifts to charities that raise questions on whether they were earmarked for a specific individual.

By Conrad Teitell

11 minute read

February 23, 2015 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell reviews this year's charitable gift premium rules, tax tables, personal exemptions, standard deductions and other tax provisions.

By Conrad Teitell

4 minute read

February 20, 2015 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell reviews this year's charitable gift premium rules, tax tables, personal exemptions, standard deductions and other tax provisions.

By Conrad Teitell

4 minute read

December 22, 2014 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell reviews various donation programs in the wake of the Ebola crisis, and writes: "A deduction is a deduction is a deduction. Right? As you'll see, it ain't necessarily so."

By Conrad Teitell

10 minute read

October 27, 2014 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell writes: While beauty may be in the eye of the judges, a beauty pageant's qualification as an IRC §501(c)(3) charity is in the eye of the IRS. A recent letter ruling held that monetary awards in a pageant were inextricably linked with services performed in conjunction with pageant operations and thus were not scholarships.

By Conrad Teitell

4 minute read

August 25, 2014 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell writes that charitable gifts of artworks almost always present valuation issues. An appraisal by a respected, unbiased qualified expert is key to substantiating a charitable deduction for a donated work of art. IRS has its own experts—the Art Advisory Panel.

By Conrad Teitell

7 minute read

June 23, 2014 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell discusses the Charitable Giving Extension Act which would give would-be donors an opportunity to consider making charitable gifts after their tax situation is better known by allowing gifts made before tax return due date to be treated as though they were made in the previous taxable year.

By Conrad Teitell

4 minute read