The Power of Leveraging the Charitable Remainder Trust

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.

Acknowledgments ix Disclaimer xi Introduction: Is this the Change You Can Believe In? xiii Part I Welcome to the War on Wealth Chapter 1 The Weapons of Mass Destruction in the War on Wealth 3 Chapter 2 Accidental Philanthropy—Adding Insult to Injury 17 Part II The Road to Wealth is Paved with Charitable Intentions Chapter 3 How to Fight Back Against the War On Wealth 25 Chapter 4 Unleashing the Power of Charitable Leverage 31 Chapter 5 The First Component to Charitable Leverage—The Charitable Remainder Trust 37 Chapter 6 The Second Component to Charitable Leverage—The Cash Value Life Insurance Contract 63 Chapter 7 Blowing Up the Paradigms 85 Chapter 8 Your Battle Plan for Fighting Back Against the War on Wealth 99 Chapter 9 Why It Works 121 Part III War Stories from the Battlefield Chapter 10 How to Use Charitable Leverage to Build a Personal Supplemental Retirement Plan 141 Chapter 11 Charitably Leveraged Supplemental Retirement Plan for the Bold and Beautiful 149 Chapter 12 Charitably Leveraged Supplemental Retirement Plan for the Young and Restless 171 Chapter 13 Charitably Leveraged Supplemental Retirement Plan for the Old and Cranky 191 Chapter 14 How to Use Charitable Leverage to Fund the Grandparents’ Legacy 201 Chapter 15 A Grandparents’ Legacy War Story and Comparison 215 Chapter 16 How Businesses Can Use Charitable Leverage to Attract and Retain Key Employees 239 Chapter 17 Can Charitable Leverage Save Your IRA? 261 Epilogue 275 About the Author 277 Index 279