PGCalc Webinar: Gift Terminations and Appraisals

Free Q&A Webinar: Gift Terminations and Appraisals

Sometimes a gift annuitant doesn’t need their gift annuity payments anymore. Or the income beneficiary of a shrinking charitable remainder trust wants to preserve its principal for a charity they love.

In these and other situations the beneficiary may choose to give up their right to future payments. When a beneficiary voluntarily gives up their income interest this way, typically they are eligible for an income tax charitable deduction. If that deduction is over $5,000, however, the donor will need a qualified appraisal of their income interest. Otherwise, the IRS will not allow the deduction.

In this free Q&A webinar, Craig Wruck, who counts “qualified appraiser of life income interests” among his many skills, will briefly review the steps involved in terminating a life income gift. He will devote most of the hour to answering your questions about terminating life income interests and the appraisal process.

Submit your questions in advance: To help ensure Craig answers your questions, we encourage you to submit your questions in advance using the space provided on the registration form (128-character limit). You will also be able to submit questions during the session.

Note: All registrants will receive a link to a recording of the webinar that they can share with colleagues at their organization indefinitely. Ordinarily, the recording is available within a few days of the live session.

This webinar will be of particular interest to gift planners. Business officers may also be interested in this topic. For answers to Frequently Asked Questions about PG Calc's Webinars, please click here.

For other questions, please contact us at support@pgcalc.com or 888-474-2252.