This is the second article in a series discussing various tax planning opportunities that should be considered in the wake of the recent elections.  The prior article discussed postponing sales until 2017.

There are at least three aspects of President Elect Trump’s tax plan that favor accelerating charitable gifts to 2016.

First, income rates

I have learned from experience that significant changes in Washington create tax planning opportunities.  Tax laws always change significantly when the party affiliation of the President flips.  It might seem prudent to wait for the laws to change before making major decisions.  However, waiting for certainty may result in foregone opportunities.

In the last few

In 2008, Kelley Cannon murdered her husband.  She was later convicted of first degree murder and is currently serving a lengthy prison sentence.  While serving her sentence, she has attempted to benefit financially from her husband’s death by claiming a share of his estate and an insurance trust that he had established.  Paul Gontarek and