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...
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…
This article originally appeared as a column for the Cleveland Jewish News. Philanthropy happens at all levels of giving. Some donors are comfortable writing checks with one or two zeroes at the end. Others may add a few more zeroes or, perhaps, sponsor a table at a gala or donate a valuable item. But the pinnacle of philanthropic giving involves…
This article originally appeared as a column for the Cleveland Jewish News. You may have heard the term “planned giving” before. Maybe you encountered it in fundraising materials for your favorite charity. Perhaps your estate lawyer or financial planner suggested it as an option for you, or you may have heard about it from a friend or colleague who has…
This article originally appeared as a column for the Cleveland Jewish News. Frequently, charitable donations are made as isolated, one-time events. Perhaps you are checking out at a store and opt to make a small cash donation to whichever organization is sponsored there. Or maybe you’ve left a bag of clothing or household goods on your front porch for a…