Charitable Gift Agreements: Restrictions, Naming Rights, Enforcement and Ensuring Deductibility of Contributions

Recording of a 90-minute CLE webinar with Q&A


Conducted on Tuesday, May 7, 2019

Recorded event now available

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Program Materials

This CLE webinar will provide estate planning counsel and advisers guidance on avoiding legal ramifications in the negotiation and drafting of charitable gift agreements. The panel will discuss critical developments in charitable giving in estate planning, offer real-life examples of the consequences of ineffective charitable gift agreements and offer techniques for negotiating and drafting charitable gift agreements to avoid litigation and negative impact to the donor's estate.

Description

The necessary details of charitable agreements are often overlooked by the parties, potentially resulting in serious legal ramifications. Incorporating charitable giving in an estate plan involves careful consideration to specific rights, conditions, restrictions and other vital provisions within a charitable gift to ensure the donor's intent and the benefits allowed for estate planning purposes.

Charitable gift agreements must outline the donor's intentions for the use of the contribution, any conditions precedent, clauses regarding change in circumstances, and other items that could lead to litigation or the reversion. Also, careful planning must ensure that any limitations do not endanger the deductibility of the contribution by the donor.

An ineffective gift agreement can have a devastating effect on an individual's overall estate plan. Estate planning attorneys must know the critical elements of effective charitable gift agreements and ensure that donors maintain the tax benefits of such transactions.

Listen as our panel discusses recent developments impacting charitable giving in estate planning, the pitfalls of ineffective charitable agreements, and offers techniques to negotiating and drafting charitable gift agreements to avoid litigation and negative impact to a donor's estate.

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Outline

  1. Charitable giving in estate planning
  2. Legal issues stemming from ineffective charitable agreements
  3. Critical considerations in negotiating and drafting gift agreements
  4. The impact of conditions and restrictions on the deduction of donor contributions
  5. Best practices to avoid or manage litigation stemming from gift agreements

Benefits

The panel will review these and other key issues:

  • Recent developments impacting charitable giving in estate planning
  • Ramifications of ineffective charitable gift agreements
  • Critical elements of gift agreements
  • Conditions, restrictions and ensuring the deductibility of contributions
  • Valuation issues and accurately recording contributions
  • Best practices to ensure donor intent and an effective charitable estate plan

Faculty

Abelaj, Jennifer
Jennifer V. Abelaj

Senior Counsel
Davidoff Hutcher & Citron

Ms. Abelaj is Senior Counsel at the firm in the trusts and estates group. Her practice focuses on various areas of tax,...  |  Read More

Cissé-Green, Anta
Anta Cissé-Green

Associate General Counsel
NYU Langone Health

Ms. Cissé-Green received her J.D. from Brooklyn Law School, summa cum laude, and she received her L.L.M. in Tax...  |  Read More

Wiktor, John
John R. Wiktor

Atty
Horwood Marcus & Berk

Mr. Wiktor is Chair of HMB's Trusts & Estates practice. He focuses his practice on business law, trusts and...  |  Read More

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