08.30.2023 - iCLATs
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A Compelling Tax Mitigation Strategy: IMMEDIATE Tax Savings from Future Annual Charitable Gifts – Meet the iCLAT
Presented by Brad Gornto, JD, LL.M,
The sole purpose and objective of an iCLAT is simple. . . TO GENERATE A LARGE IMMEDIATE CHARITABLE INCOME TAX DEDUCTION IN THE CURRENT YEAR, which is based on your clients’ future annual gifts to charity. Brad Gornot explained how to add tremendous value to your clients who need current tax savings, particularly for those who already make charitable gifts to one of more charities (including their place of worship) on a recurring annual basis. With an iCLAT there is no need for your clients to write a big check or transfer assets to charity to receive a very large “up front” charitable deduction in the current year!
Attendees Comments:
A few comments from listeners:
Brad explained the ICLAT so well and was able to answer any tax related question so succinctly. Now I understand that the ICLAT is a great vehicle for someone with high income who is charitably minded and is not looking to keep the assets out of his/her estate.
- Cynthia H.
I didn't know anything about iClats before this seminar
- Michelle L.
There was a case I lost because the heirs did not like the idea of not having an asset locked up without hope of a return of principle. This might work to ease those fears.
- Rick F.
When this fits, it is great. And I appreciated him getting right to the point about when it fits (and thus knowing that it doesn't always work and not to try and make it work if it isn't a git)
- Jered S.
Brad explained the ICLAT so well and was able to answer any tax related question so succinctly. Now I understand that the ICLAT is a great vehicle for someone with high income who is charitably minded and is not looking to keep the assets out of his/her estate.
- Cynthia H.
I didn't know anything about iClats before this seminar
- Michelle L.
There was a case I lost because the heirs did not like the idea of not having an asset locked up without hope of a return of principle. This might work to ease those fears.
- Rick F.
When this fits, it is great. And I appreciated him getting right to the point about when it fits (and thus knowing that it doesn't always work and not to try and make it work if it isn't a git)
- Jered S.
Brad explained the ICLAT so well and was able to answer any tax related question so succinctly. Now I understand that the ICLAT is a great vehicle for someone with high income who is charitably minded and is not looking to keep the assets out of his/her estate.
- Cynthia H.
I didn't know anything about iClats before this seminar
- Michelle L.
There was a case I lost because the heirs did not like the idea of not having an asset locked up without hope of a return of principle. This might work to ease those fears.
- Rick F.
When this fits, it is great. And I appreciated him getting right to the point about when it fits (and thus knowing that it doesn't always work and not to try and make it work if it isn't a git)
- Jered S.