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Nuts and Bolts - February 14, 2023

  • 02/14/2023
  • 9:00 AM - 10:00 AM
  • Zoom Conference

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Pre-arranged Sales and Charitable Remainder Trusts
Speaker:  Amina Saeed, River Valley Law Firm

Presentation & Speaker Details

Pre-arranged Sales and Charitable Remainder Trusts
One of the most frequent and devastating problems occurs when a donor owes tax on the sale proceeds of their charitable gift upon the sale of the asset by the trustee of a CRT where the donor was deemed by the IRS to have “sold” the property prior to the gift.

The donor no longer owns or controls the asset and the sale proceeds from that disposition belong to some other party (usually the trustee of the charitable trust). The sale proceeds are inaccessible to the taxpayer (donor) who must then pay the tax bill out of his or her pocket.

The financial pain experienced by the donor can reverberate back to the planner who structured or approved the deal and can create a poor relationship between the donor and the charity. The IRS has been litigating these cases since 1930. It is an issue that won’t go away any time soon so it is important to understand it.

Amina Saeed, River Valley Law Firm
After several years of practicing law in litigation and appeals, and community advocacy as director of a nonprofit, in 2006, Amina opened her estate planning law firm. She serves individual clients and nonprofit organizations, providing practical and creative estate planning, representing many high-net-worth clients, and crafting innovative charitable solutions for both tax planning and philanthropy goals. Although Amina spends most of her hours at her office, she loves outdoor adventures. She's been chased by a buffalo at Custer State Park, found herself on the same path as a bear when hiking in Canada while five months pregnant, enjoyed ice fishing on Lake Superior, and, last year, braved high heat warnings to trek down deep into the Grand Canyon. Amina and her family are always up for a memorable National Park adventure so if you have a recommendation, she would love to hear it.


Cancellations/Refunds: Cancellations must be received by 12:00 pm two business days prior to the event in order to receive a full refund. No refunds will be processed after this time. Cancellations must be in writing and may be submitted to cteed@ccpgonline.org. Additionally, payment is expected from no-shows.    




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