From David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., we have this update:
IRS approves donor control of investments. In a private letter ruling that was issued but not published as of presstime, the Internal Revenue Service has approved a charitable giving strategy enabling donors to manage the investments of their charitable contributions. The strategy, called the “Donor Managed Investment Account Program,” was developed by Winklevoss
All access premium subscription
Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.