Making the Best Use of the Good Times

June 26, 2017

Gifting Appreciated Assets
I am constantly on the lookout for creative ways to maximize the gifts that are given to God’s work at Hume Lake. With potential tax changes being discussed and proposed, we are uncertain about the future of the techniques that can offer enormous benefits to those giving.

With the recent increase in both California real estate prices as well as other investments, this may be the perfect opportunity to take advantage of our current tax laws and avoid some capital gains tax. Under the current tax laws, we are able to gift appreciated real estate or investments to a charity such as Hume Lake and avoid the capital gains tax, receive an income tax deduction, and receive the joy and satisfaction of knowing our asset is helping a worthy cause.

Not only is this a good tax-savings technique for real estate, but investments such as stocks, bonds and mutual funds are also well-suited for these tax savings. With the increase in stock and mutual fund values, gifting these appreciated assets could allow you to avoid the capital gains tax and deduct up to the full amount of your gift, up to 30% of your adjusted gross income.

If you would like to discuss the opportunities with your appreciated assets, I, as a tax, trust and estate attorney, am available to talk with no obligation and no charge. As a ministry of Hume Lake to you, I will help you evaluate the options. Please give me a call.

David M. Harrison, J.D.
Director of Gift & Estate Planning
(559) 305-7611