Recent News

April 6, 2007

Recent developments in charitable giving

Americans have waited a long time for pension reform, and it finally arrived with the Pension Protection Act of 2006, a law designed to enhance retirement security.

J. Bradley Britton, The Columbus Foundation, will discuss changes in the tax law relating to charitable giving, including the charitable IRA rollover technique, in his presentation “Recent Developments in Charitable Giving” for the Probate Law Institute 2007 being held on Tuesday, May 24 from 8:45 a.m. to 4:45 p.m.

According to Britton, “This new technique will make it easier for clients to make charitable gifts of IRA assets during their lifetime.”

In addition, Britton’s presentation will include a comparison of life income plans, including charitable remainder trusts and charitable gift annuities.

Also scheduled for the institute is Alan S. Acker’s presentation “Emerging Issues under the Twin UPIA.” Acker will explore common issues that arise concerning the prudent person rule and the diversification of investments as well as the allocations of receipts and disbursements between principal and income, including the power to adjust. He will also conduct a demonstration during the lunch (provided by CBS Agency, Inc.) dealing with his web-based drafting system to more efficiently create wills, revocable trusts and financial powers of attorney for clients.

Register online at www.cbalaw.org or phone 614/221.4112 for event # 3604. The cost is $195 prepaid/$205 day of for members, $225 prepaid/$235 day of for non-members and $125 prepaid/$135 day of for paralegals. This event usually sells out, so it is a good idea to register early.