The Power of Leveraging the Charitable Remainder Trust: Your Secret Weapon Against the War on Wealth

Overview

Are you an Accidental Philanthropist?

The current state of our tax system penalizes those who work thehardest, take the risks, and actually buy into capitalism and freemarkets. This severely flawed system, which taxes the same dollarup to five times, is going to get worse in the years ahead. Theresult of this situation makes many of us accidentalphilanthropists?wherein the U.S. Congress redistributes thetaxes you pay, without you having a say ...

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Overview

Are you an Accidental Philanthropist?

The current state of our tax system penalizes those who work thehardest, take the risks, and actually buy into capitalism and freemarkets. This severely flawed system, which taxes the same dollarup to five times, is going to get worse in the years ahead. Theresult of this situation makes many of us accidentalphilanthropists—wherein the U.S. Congress redistributes thetaxes you pay, without you having a say as to where that moneygoes.

While our government continues to wage its "war on wealth,"there is a way in which you can fight back. And with The Powerof Leveraging the Charitable Remainder Trust, author DanielNigito—whose programs have saved families millions in taxdollars and created millions more for charities across the UnitedStates—will show you how.

The simple, yet powerful strategy outlined here, known ascharitable leverage, allows you to become a partner withcharity while gaining control over your tax destiny and providingfor you and your family. Based on two financialinstruments—the Charitable Remainder Trust (CRT) and CashValue Life Insurance (CVLI)—that are rooted in our tax codeand have been hiding in front of us for decades, Nigito's new typeof wealth management reveals how inverting the way these two toolsare normally used can produce some amazing results for bothindividuals and charities.

Divided into three comprehensive parts—Is This the ChangeYou Can Believe In?, The Road to Wealth Is Paved with CharitableIntentions, and War Stories from the Battlefield—thisreliable resource:

  • Reveals how the current tax structure and redistribution ofwealth can easily make you an accidental philanthropist
  • Breaks down the mechanics of charitable leverage, so you canclearly see how it works
  • Discusses how you can apply a charitably leveraged strategy inspecific everyday financial planning scenarios
  • Follows each planning strategy with a case study that plugs inreal numbers and then compares it with its traditional and"accidentally philanthropic" alternative

Charitable leverage, while not for everyone, is remarkablysimple and produces some amazing results. With it, you can buildalternative methods for the accumulation of wealth without tax,while fueling your favorite charities with dollars that mightotherwise be lost to the whims of Congress. You can also use thistechnique in supplemental retirement plans, grandparent giftingplans, and employer-sponsored key executive deferred incomeplans. Whatever your goal, the insights and advice found in ThePower of Leveraging the Charitable Remainder Trust can helpyou achieve them.

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Product Details

  • ISBN-13: 9780470541128
  • Publisher: Wiley
  • Publication date: 9/28/2009
  • Edition number: 1
  • Pages: 285
  • Sales rank: 990,628
  • Product dimensions: 6.20 (w) x 9.10 (h) x 1.10 (d)

Meet the Author

Daniel G. Nigito is the Chairman and CEO of Market Street Financial Advisors, LLC, and its subsidiary, Market Street Philanthropic Advisors, Inc. The combined mission of the two companies is to "provide wealth management for people who want to add meaning to their money." The company specializes in using charitable remainder trusts and family foundations to provide strategies for wealth accumulation, preservation, and transfer for private clients and their families. He is the author of two previous books, Avoiding the Estate Tax Trap and Don't Die Until You Read This! To learn more about Dan and avoiding accidental philanthropy, visit www.Nigito.com.

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Table of Contents

Acknowledgments.

Disclaimer.

Introduction: Is this the Change You Can Believe In?

Part I Welcome to the War on Wealth.

Chapter 1 The Weapons of Mass Destruction in the War onWealth.

Chapter 2 Accidental Philanthropy—Adding Insult toInjury.

Part II The Road to Wealth is Paved with CharitableIntentions.

Chapter 3 How to Fight Back Against War on Wealth.

Chapter 4 Unleashing the Power of Charitable Leverage.

Chapter 5 The First Component to Charitable Leverage—TheCharitable Remainder Trust.

Chapter 6 The Second Component to CharitableLeverage —The Cash Value Life Insurance Contract.

Chapter 7 Blowing Up the Paradigms.

Chapter 8 Your Battle Plan for Fighting Back Against the War onWealth.

Chapter 9 Why It Works.

Part III War Stories from the Battlefield.

Chapter 10 How to Use Charitable Leverage to Build a PersonalSupplemental Retirement Plan.

Chapter 11 Charitably Leveraged Supplemental Retirement Plan forthe Bold and Beautiful.

Chapter 12 Charitably Leveraged Supplemental Retirement Plan forthe Young and Restless.

Chapter 13 Charitably Leveraged Supplemental Retirement Plan forthe Old and Cranky.

Chapter 14 How to Use Charitable Leverage to Fund theGrandparents' Legacy.

Chapter 15 A Grandparents' Legacy War Story and Comparison.

Chapter 16 How Businesses Can Use Charitable Leverage to Attractand Retain Key Employees.

Chapter 17 Can Charitable Leverage Save Your IRA?

Epilogue.

About the Author.

Index.

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