The Power of Leveraging the Charitable Remainder Trust: Your Secret Weapon Against the War on Wealth Hardcover - 2009 - 1st Edition

From the rear cover

Are you an Accidental Philanthropist?

The current state of our tax system penalizes those who work the hardest, take the risks, and actually buy into capitalism and free markets. This severely flawed system, which taxes the same dollar up to five times, is going to get worse in the years ahead. The result of this situation makes many of us accidental philanthropists--wherein the U.S. Congress redistributes the taxes you pay, without you having a say as to where that money goes.

While our government continues to wage its "war on wealth," there is a way in which you can fight back. And with The Power of Leveraging the Charitable Remainder Trust, author Daniel Nigito--whose programs have saved families millions in tax dollars and created millions more for charities across the United States--will show you how.

The simple, yet powerful strategy outlined here, known as charitable leverage, allows you to become a partner with charity while gaining control over your tax destiny and providing for you and your family. Based on two financial instruments--the Charitable Remainder Trust (CRT) and Cash Value Life Insurance (CVLI)--that are rooted in our tax code and have been hiding in front of us for decades, Nigito's new type of wealth management reveals how inverting the way these two tools are normally used can produce some amazing results for both individuals and charities.

Divided into three comprehensive parts--Is This the Change You Can Believe In?, The Road to Wealth Is Paved with Charitable Intentions, and War Stories from the Battlefield--this reliable resource:

• Reveals how the current tax structure and redistribution of wealth can easily make you an accidental philanthropist
• Breaks down the mechanics of charitable leverage, so you can clearly see how it works
• Discusses how you can apply a charitably leveraged strategy in specific everyday financial planning scenarios
• Follows each planning strategy with a case study that plugs in real numbers and then compares it with its traditional and "accidentally philanthropic" alternative

Charitable leverage, while not for everyone, is remarkably simple and produces some amazing results. With it, you can build alternative methods for the accumulation of wealth without tax, while fueling your favorite charities with dollars that might otherwise be lost to the whims of Congress. You can also use this technique in supplemental retirement plans, grandparent gifting plans, and employer-sponsored key executive deferred income plans. Whatever your goal, the insights and advice found in The Power of Leveraging the Charitable Remainder Trust can help you achieve them.

From the jacket flap

Are you an Accidental Philanthropist?

The current state of our tax system penalizes those who work the hardest, take the risks, and actually buy into capitalism and free markets. This severely flawed system, which taxes the same dollar up to five times, is going to get worse in the years ahead. The result of this situation makes many of us accidental philanthropists--wherein the U.S. Congress redistributes the taxes you pay, without you having a say as to where that money goes.

While our government continues to wage its "war on wealth," there is a way in which you can fight back. And with The Power of Leveraging the Charitable Remainder Trust, author Daniel Nigito--whose programs have saved families millions in tax dollars and created millions more for charities across the United States--will show you how.

The simple, yet powerful strategy outlined here, known as charitable leverage, allows you to become a partner with charity while gaining control over your tax destiny and providing for you and your family. Based on two financial instruments--the Charitable Remainder Trust (CRT) and Cash Value Life Insurance (CVLI)--that are rooted in our tax code and have been hiding in front of us for decades, Nigito's new type of wealth management reveals how inverting the way these two tools are normally used can produce some amazing results for both individuals and charities.

Divided into three comprehensive parts--Is This the Change You Can Believe In?, The Road to Wealth Is Paved with Charitable Intentions, and War Stories from the Battlefield--this reliable resource:

• Reveals how the current tax structure and redistribution of wealth can easily make you an accidental philanthropist
• Breaks down the mechanics of charitable leverage, so you can clearly see how it works
• Discusses how you can apply a charitably leveraged strategy in specific everyday financial planning scenarios
• Follows each planning strategy with a case study that plugs in real numbers and then compares it with its traditional and "accidentally philanthropic" alternative

Charitable leverage, while not for everyone, is remarkably simple and produces some amazing results. With it, you can build alternative methods for the accumulation of wealth without tax, while fueling your favorite charities with dollars that might otherwise be lost to the whims of Congress. You can also use this technique in supplemental retirement plans, grandparent gifting plans, and employer-sponsored key executive deferred income plans. Whatever your goal, the insights and advice found in The Power of Leveraging the Charitable Remainder Trust can help you achieve them.