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

by Nigito, Daniel

• ISBN13: 9780470541128
• ISBN10: 0470541121
• Edition: 1st
• Format: Hardcover
• Copyright: 2009-09-28
• Publisher: Wiley

Summary

Written by Daniel Nigito-a Certified Financial Planner, 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.

Author Biography

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 manage-ment 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.

Table of Contents

Acknowledgments	p. ix
Disclaimer	p. xi
Introduction: Is this the Change You Can Believe In?	p. xiii
Welcome to the War on Wealth
The Weapons of Mass Destruction in the War on Wealth	p. 3
Accidental Philanthropy-Adding Insult to Injury	p. 17
The Road to Wealth Is Paved with Charitable Intentions
How to Fight Back Against the War On Wealth	p. 25
Unleashing the Power of Charitable Leverage	p. 31
The First Component to Charitable Leverage-The Charitable Remainder Trust	p. 37
The Second Component to Charitable Leverage-The Cash Value Life Insurance Contract	p. 63
Blowing Up the Paradigms	p. 85
Your Battle Plan for Fighting Back Against the War on Wealth	p. 99
Why It Works	p. 121
War Stories from the Battlefield
How to Use Charitable Leverage to Build a Personal Supplemental Retirement Plan	p. 141
Charitably Leveraged Supplemental Retirement Plan for the Bold and Beautiful	p. 149
Charitably Leveraged Supplemental Retirement Plan for the Young and Restless	p. 171
Charitably Leveraged Supplemental Retirement Plan for the Old and Cranky	p. 191
How to Use Charitable Leverage to Fund the Grandparents' Legacy	p. 201
A Grandparents' Legacy War Story and Comparison	p. 215
How Businesses Can Use Charitable Leverage to Attract and Retain Key Employees	p. 239
Can Charitable Leverage Save Your IRA?	p. 261
Epilogue	p. 275
About the Author	p. 277
Index	p. 279
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