December 2015 – Bidwell Advisors

Case Study: Gift of Texas Ranch Subject to Retained Life Estate

By Dennis Bidwell December, 2015 Take-aways from this gift scenario: 1. A retained life estate gift can accomplish essentially the same charitable results as leaving a property by bequest, with two important exceptions: the owners are entitled to a current income tax deduction when they donate the property subject to a retained life estate (unlike … Read more…

Is It Time to Revise Your Gift Acceptance Policies?

By Dennis Bidwell December, 2015 In my experience there is often someone or some office in a non-profit organization—perhaps the CFO, maybe the general counsel’s office—that is exceedingly cautious about accepting real estate gifts. Often this is due to a bad experience from 20 years ago, such as the now legendary story of the gift of the former … Read more…