Tax Changes May Increase Charitable Gifts

After 2010’s estate tax uncertainties, 2011 and 2012 will provide people a two-year window in which they know what to expect. As a result, many people are thinking about estate planning and how they can maximize inheritance to loved ones and gifts to the nonprofits they wish to support:

•  People 70 ½ and older can give nonprofits up to $100, 000 tax-free from their individual retirement accounts 
• Low interest rates create a great environment for setting up certain charitable trusts 

Thinking about the future begins today. Talk with your financial advisor about creating a strategy that’s right for you and how the Foundation can play a role in your charitable estate plan. Visit www.gtnpf.org/horace.php for more information about the Horace Albright Society or contact Kim Mills at 307-732-4192.