Abstract

Because of strict and complex federal regulations and costly penalties, individuals who are contemplating establishing a family foundation need expert legal and financial advice. However, all family and family business leaders who want to engage in philanthropy can dramatically increase their range of options if they are familiar with the basics of taxation law. This article discusses the benefits and drawbacks of various charitable alternatives and offers suggestions for reducing the cost of charitable giving.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.