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

by Daniel Nigito

• ISBN13: 9780470557082
• ISBN10: 0470557087
• Format: eBook
• Copyright: 2009-09-01
• Publisher: Wiley

Summary

A practical guide to avoiding accidental philanthropy and controlling your tax destinyWritten by Daniel Nigito-a financial services expert whose programs have saved families millions in tax dollars and created millions more for charities across the United States-this timely guide will show you how to use the simple, yet powerful strategy known as "charitable leverage" to regain control of your financial life.This proven approach, which allows you to become a partner with charity while gaining control over your tax destiny and providing for you and your family, taps into the unique tax characteristics of two financial instruments-the Charitable Remainder Trust (CRT) and Cash Value Life Insurance (CVLI)-in order to achieve some amazing goals. Offers insights on increasing your current income while paying less tax on it Discusses how to develop real asset protection without moving your money offshore or using complicated and often questionable tax schemes Details how you can build a personal tax-deductible retirement account that does not interfere with other retirement plansThe best way to avoid becoming an accidental philanthropist is by understanding how to make taxes work for you. The Power of Leveraging the Charitable Remainder Trust will show you how to do this and, in the process, add meaning to your money.

Table of Contents

Acknowledgments

Disclaimer

Introduction: Is this the Change You Can Believe In?

Welcome to the War on Wealth

The Weapons of Mass Destruction in the War on Wealth

Accidental Philanthropy-Adding Insult to Injury

The Road to Wealth is Paved with Charitable Intentions

How to Fight Back Against War on Wealth

Unleashing the Power of Charitable Leverage

The First Component to Charitable Leverage-The Charitable Remainder Trust

The Second Component to Charitable Leverage -The Cash Value Life Insurance Contract

Blowing Up the Paradigms

Your Battle Plan for Fighting Back Against the War on Wealth

Why It Works

War Stories from the Battlefield

How to Use Charitable Leverage to Build a Personal Supplemental Retirement Plan

Charitably Leveraged Supplemental Retirement Plan for the Bold and Beautiful

Charitably Leveraged Supplemental Retirement Plan for the Young and Restless

Charitably Leveraged Supplemental Retirement Plan for the Old and Cranky

How to Use Charitable Leverage to Fund the Grandparents' Legacy

A Grandparents' Legacy War Story and Comparison

How Businesses Can Use Charitable Leverage to Attract and Retain Key Employees

Can Charitable Leverage Save Your IRA?

Epilogue

About the Author

Index

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