Conrad Teitell

December 20, 2024 | New York Law Journal

The author writes "It's generous and admirable to contribute money and property to benefit charities. The most selfless gift of all is the one that we have a limited supply, simply put, our time and efforts.. I hope this column will be helpful and informing your clients-who itemize the tax encouragement to volunteering-although quite limited."

By Conrad Teitell

8 minute read

October 25, 2024 | New York Law Journal

"Your clients can use up to $53,000 of their IRA's Required Minimum Distributions (RMDs) to make life-income charitable gifts."

By Conrad Teitell

4 minute read

August 23, 2024 | New York Law Journal

"Now is the time to tell clients about direct transfers from IRAs," writes Conrad Teitell.

By Conrad Teitell

6 minute read

June 21, 2024 | New York Law Journal

The SECURE Act—starting in 2020— killed the stretch IRA for most heirs. Until that 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 And that minimized taxes—plus; the assets in the heir's IRA grew tax-free until withdrawn.

By Conrad Teitell

5 minute read

April 19, 2024 | New York Law Journal

In this Estate Planning and Philanthropy column, Conrad Teitell presents a letter he once received from a librarian at the Federal Correctional Institution in El Reno, OK, requesting law book donations for their law library. He also includes his response, which highlights potential tax issues with the request.

By Conrad Teitell

4 minute read

February 23, 2024 | New York Law Journal

Each year, the IRS adjusts charitable gift rules, tax tables, personal exemptions, standard deductions and other tax provisions. This article highlights the key charitable figures for 2024.

By Conrad Teitell

3 minute read

December 22, 2023 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell reflects on the Tax Reform Act of 1969, as he has been doing in recent years during the month of December, and shares a memory associated with the subject.

By Conrad Teitell

2 minute read

October 20, 2023 | New York Law Journal

This article discusses a case in which an alumnus made a $1.8-million gift to Dartmouth College to upgrade and maintain its golf course. However, Dartmouth subsequently closed the course and sought to repurpose the donor's gift.

By Conrad Teitell

4 minute read

August 27, 2023 | New York Law Journal

This article covers how an estate planning organization was found to not qualify for federal income tax exemption under IRC §501(a) as an organization described in IRC §501(c)(3).

By Conrad Teitell

8 minute read

June 23, 2023 | New York Law Journal

Sometimes a trust can be reformed because the trust's disqualification resulted from a "scriveners" error. And that's more than a typo, as the below situations illustrate.

By Conrad Teitell

13 minute read