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The Power of Leveraging the Charitable Remainder Trust: Your Secret Weapon Against the War on Wealth

ISBN: 978-0-470-55709-9
288 pages
September 2009
The Power of Leveraging the Charitable Remainder Trust: Your Secret Weapon Against the War on Wealth  (0470557095) cover image

A practical guide to avoiding accidental philanthropy and controlling your tax destiny

Written by Daniel Nigito-a financial services expert whose programs have saved families millions in tax dollars and created millions more for charities across the United States-this timely guide will show you how to use the simple, yet powerful strategy known as "charitable leverage" to regain control of your financial life.

This proven approach, which allows you to become a partner with charity while gaining control over your tax destiny and providing for you and your family, taps into the unique tax characteristics of two financial instruments-the Charitable Remainder Trust (CRT) and Cash Value Life Insurance (CVLI)-in order to achieve some amazing goals.

  • Offers insights on increasing your current income while paying less tax on it
  • Discusses how to develop real asset protection without moving your money offshore or using complicated and often questionable tax schemes
  • Details how you can build a personal tax-deductible retirement account that does not interfere with other retirement plans

The best way to avoid becoming an accidental philanthropist is by understanding how to make taxes work for you. The Power of Leveraging the Charitable Remainder Trust will show you how to do this and, in the process, add meaning to your money.

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Acknowledgments.

Disclaimer.

Introduction: Is this the Change You Can Believe In?

Part I Welcome to the War on Wealth.

Chapter 1 The Weapons of Mass Destruction in the War on Wealth.

Chapter 2 Accidental Philanthropy—Adding Insult to Injury.

Part II The Road to Wealth is Paved with Charitable Intentions.

Chapter 3 How to Fight Back Against War on Wealth.

Chapter 4 Unleashing the Power of Charitable Leverage.

Chapter 5 The First Component to Charitable Leverage—The Charitable Remainder Trust.

Chapter 6 The Second Component to Charitable Leverage —The Cash Value Life Insurance Contract.

Chapter 7 Blowing Up the Paradigms.

Chapter 8 Your Battle Plan for Fighting Back Against the War on Wealth.

Chapter 9 Why It Works.

Part III War Stories from the Battlefield.

Chapter 10 How to Use Charitable Leverage to Build a Personal Supplemental Retirement Plan.

Chapter 11 Charitably Leveraged Supplemental Retirement Plan for the Bold and Beautiful.

Chapter 12 Charitably Leveraged Supplemental Retirement Plan for the Young and Restless.

Chapter 13 Charitably Leveraged Supplemental Retirement Plan for the Old and Cranky.

Chapter 14 How to Use Charitable Leverage to Fund the Grandparents' Legacy.

Chapter 15 A Grandparents' Legacy War Story and Comparison.

Chapter 16 How Businesses Can Use Charitable Leverage to Attract and Retain Key Employees.

Chapter 17 Can Charitable Leverage Save Your IRA?

Epilogue.

About the Author.

Index.

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Daniel G. Nigito is the Chairman and CEO of Market Street Financial Advisors, LLC, and its subsidiary, Market Street Philanthropic Advisors, Inc. The combined mission of the two companies is to "provide wealth management for people who want to add meaning to their money." The company specializes in using charitable remainder trusts and family foundations to provide strategies for wealth accumulation, preservation, and transfer for private clients and their families. He is the author of two previous books, Avoiding the Estate Tax Trap and Don't Die Until You Read This! To learn more about Dan and avoiding accidental philanthropy, visit www.Nigito.com.
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