March Meeting to feature Russ Willis
Join the Charitable Gift Planners of Nebraska for our next meeting on Friday, March 5, 2021. This virtual presentation will by delivered by Russ Willis and is titled, "Accelerating the Remainder Gift."
Ongoing stewardship of a donor who has already committed to a life income gift can sometimes include revisiting, from time to time, whether the cashflow from a remainder trust or a gift annuity is still meaningful within the donor's larger financial picture, or whether that income stream might itself be the source of a further deductible gift. This session will present two case studies -- one involving the commutation or surrender of a portion or all of the income interest in a charitable remainder trust, outright or in exchange for a gift annuity, and another involving the assignment to the issuing charity of a portion or all of a gift annuity. In each case, we will discuss the tax treatment of these transfers, and we will reflect on some of the planning that might have been done at the outset to anticipate the possibility that the donor might decide at some point to accelerate the remainder gift.
The meeting will be an online format via a web conference/zoom link. The meeting will begin at 9:30am.
The link to access the February meeting will be emailed to participants who have RSVP'd to the meeting, as we get closer to the date. The $10 (member) or $25 (non-member) meeting fee is due upon registration.
We look forward to a wonderful presentation by Russ Willis, and hope you can join us!
Russ Willis Bio:
Until recently based in Portland, Oregon, now transplanted to Tucson, Arizona, Russ works as a freelance paralegal consultant with nonprofits, donors, and their advisors in structuring charitable contributions of closely held business and real property interests, so as to serve the mutual advantage of all parties. He also provides legal research and advice on income and transfer tax planning more generally, and writes the occasional trial or appellate brief. For ten years, Russ was a writer and editor for a subscription website that provided daily coverage and in-depth analysis of developments in tax law affecting charitable gift planning. More recently he has launched his own newsletter, the "Jack Straw Fortnightly," analyzing current developments in the law -- both tax and nontax -- concerning the transfer of private wealth in this country. Russ has spoken at any number of national and regional conferences, and to local planned giving roundtables, community foundations, and bar associations. Russ has an undergraduate degree in English literature from Indiana University in Bloomington and a master's in English from the University of Chicago. He earned his J.D. at St. Louis University and his master's in taxation law at Washington University in St. Louis, Missouri, where he practiced law for more than twenty years. A transportational bicyclist and sometime bike mechanic, Russ was a founding director of the St. Louis Regional Bicycle Federation and chaired its policy and advocacy committee before moving to Portland in 2008 to live car-free.