Quick Read A concentrated single-stock position worth $2.4M with only $180K cost basis creates a $2.22M embedded capital gain that would trigger roughly $640K in combined federal, state, and net ...

CHICAGO--(BUSINESS WIRE)--Northern Trust announced that it has allocated $70 million to the Northern Trust Foundation, which supports non-profit organizations focused on fundamental needs and ...

Charitable trusts were the first legal form of nonprofit organization. Only irrevocable trusts qualify as charitable trusts because the assets in the trust must be irrevocably given to a charitable ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...

Historically, charitable planning has involved strategies like a charitable remainder trust or perhaps the establishment of a private foundation. Although these are appropriate options for some and ...

A decedent’s estate and beneficiaries receive a new basis under Internal Revenue Code Section 1014(a) for most assets acquired from the decedent equal to the estate tax value. However, pursuant to IRC ...

Although many investment assets have lost value in the past year, individuals coming to CPAs for estate planning advice often hold highly appreciated assets, and many want to make significant ...