{"id":54513,"date":"2018-05-07t07:00:10","date_gmt":"2018-05-07t11:00:10","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=54513"},"modified":"2018-05-24t08:41:29","modified_gmt":"2018-05-24t12:41:29","slug":"trpif-one-best-kept-secrets-planning","status":"publish","type":"post","link":"\/\/www.g005e.com\/2018\/05\/07\/trpif-one-best-kept-secrets-planning\/","title":{"rendered":"trpif is one of the best kept secrets in planning"},"content":{"rendered":"

\"businessman<\/a>they’re like crts, but with more flexibility.
\n<\/strong><\/p>\n

by randy fox<\/i>
\nez charitable<\/i><\/a><\/p>\n

the best kept secret in planning has only been around since 1969.<\/p>\n

best kept secret? what do you mean?<\/p>\n

also:<\/strong> 1031 and done:\u00a0what cpas need to know about the new 1031 changes<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

how about a strategy that completely eliminates capital gains tax, provides a gigantic income tax deduction, distributes all its income (maybe for three generations) and is completely legal. and, by the way, if you\u2019re the advisor managing the family\u2019s money, you get to keep doing that.
\n
\nsounds too good to be true. why haven\u2019t i heard about this before? what the heck is it and how do i find out more?<\/p>\n

well, here\u2019s the answer. the (formerly) lowly pooled income fund\u00a0\u2013 created in code section \u00a7642(c)(5) in 1969, and long the redheaded stepchild of planned giving tools\u00a0\u2013 has gone \u201cbeast mode.\u201d the perfect storm of low interest rates, technology and a few charities that understand the need to be responsive to cpas and other professional advisors and donors has caused the new, total return pooled income fund (trpif) to be one of the most flexible, powerful and thought-provoking planning tools you can deploy. and, still, no one knows about them.<\/p>\n

formerly they were the sleepy providence of hospitals and universities that were only willing to accept cash and appreciated stock as gifts; only accept gifts from donors age 65 and older; only allow income for one generation; pay out only their interest, dividends, rents and royalties; and insisted on sending your funds to their institutional money manager, which resulted in low returns and high residuals for the charity, when 100 percent of the funds remained with them when the donor died.<\/p>\n

it\u2019s a totally different universe with the current trpif: gifts of cash, publicly traded stock, closely held c corps, unleveraged real estate, tangible personal property like art, cars, antiques and llc interests can be gifted; income can be paid for one, two or three generations of income beneficiaries if they\u2019re alive at the time of the gift; competitive trpifs pay out all rents, royalties dividends and interest as well as all short-term gains and up to 50 percent of post-gift realized long-term gains. charitable beneficiaries are decided on by the donor, not the trpif trustee, so the donation goes to whatever charities the family decides on. and, by the way, if you\u2019re the family\u2019s advisor and managing their money, the trpif will allow you to keep doing just that.<\/p>\n

if you know a little bit about charitable remainder trusts (crts), trpifs are similar. there are a few differences that are very important.<\/p>\n