Global Family Law Services
Divorce is often viewed as the end of a chapter, but it is also the beginning of a new financial and personal reality. One important step that many individuals overlook after a divorce is revisiting their estate plan. Updating wills, trusts and beneficiary...
President Donald Trump signed the One Big Beautiful Bill Act into law on July 4. Among its many provisions, this widely publicized bill impacted charitable donations and how they can be deducted. These changes have not come into effect yet but will be starting in...
Jewish people are particularly good at philanthropic giving. This cultural proclivity probably stems from the Jewish religious imperative to give tzedakah, charity to promote what is good and just in society. Today, it is common to see Jewish names plastered across...
Year-end giving is a philanthropic tradition that holds special significance as the calendar draws to a close. As the final months of the year unfold, individuals, corporations and foundations often reflect on their achievements, growth and the impact they can make on the world. This introspection often culminates in a surge of generosity and charitable donations, collectively known as year-end…
Navigating the divorce process is often both emotionally and financially challenging. As part of the process, couples must divide their assets. While this often involves extensive legal and financial negotiations, and potentially even court involvement, there exists one option in structuring a property division that can yield positive results that benefit both the parties and their communities: charitable contributions. The…
Man’s best friend. A part of the family. Every day, dogs demonstrate their love and loyalty to their owners, which has inspired owners to leave some – or even all – of their estates to their beloved companions to ensure that these animals are well cared for after the owner’s death. This may sound ridiculous, but it is not. More…
We are only days away from the new year which means I’m here to remind you once again about charitable giving and its potential associated financial benefits. It was just over one year ago that I discussed the benefits of donating appreciated stocks to charities. Recently, I discovered that similar to stocks, you can donate cryptocurrency to charity. The benefit…
While Giving Tuesday has come and gone, it is still a wonderful time of year to give to charity. There are several ways to contribute this year and a handful of tax provisions that you should be aware of before you do. As a result of the most recent stimulus package, the Consolidated Appropriations Act, 2021 and handful of significant…
When Congress passed the Coronavirus Aid, Relief and Economic Security Act in late March, media attention focused primarily upon newly-created stimulus funds and expanded unemployment benefits. As a result, the CARES Act also temporarily expanded the tax benefits associated with charitable contributions for the individual taxpayer. Traditionally, taxpayers fell into one of two categories with respect to the financial implications…
Hundreds of billions of dollars have accumulated in donor-advised funds since this vehicle was created all the way back in the 1930s. In fact, an estimated $110 billion is sitting in these funds right now. All, or at least virtually all, of the biggest investment firms in the country now offer this type of philanthropic product to investors, and these…