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The Power of Leveraging the Charitable Remainder Trust: Your Secret Weapon Against the War on Wealth | 
 enlarge | Author: Daniel Nigito
Publisher: Wiley
Category: Book
List Price: $29.95
Buy New: $9.88
You Save: $20.07 (67%)
New (28) Used (15) from $9.88
Rating:  reviews
Media: Hardcover
Pages: 285
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9 x 6.2 x 1.1
ISBN: 0470541121
Dewey Decimal Number: 336.206
EAN: 9780470541128
Publication Date: September 28, 2009
Availability: Usually ships in 1-2 business days
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Product Description
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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| Customer Reviews:
Keep More, Give More October 30, 2009
Stephen Roy (Atlanta, GA)
2 out of 2 found this review helpful
This book is a must. Funny, easy to understand and meaningful. Dan Nigito has crafted an innovative solution to two seemingly exclusive goals, how does one keep more of their own money while at the same time giving more of it away to causes they persoanlly believe in. Using a powerful combination of exisitng gifting and deferred income strategies, Dan has crafted an elegant and effective way to avoid becoming an accidental philanthropist. Instead he offers discerning readers an amusing narrative which explains how one can take more control of who gets their hard earned dollars, while securing future income to oneself or ones family. I recommend this book to anyone trying to do good for themselves and their families while also trying to do good for others.
Fight Back. Take control of your financial destiny October 6, 2009
R. Roy (Marietta, GA USA)
3 out of 3 found this review helpful
I had read one of Dan Nigito's earlier books and found it an excellent read, so when I heard about his latest, I ordered it at once. He writes with a down to earth approach that resonates. His prose is straight forward and to the point, sprinkling in a healthy dose of humor for good measure. He has taken an extremely valuable, though somehwat complex process and distilled it to its core elements, allowing anyone to not only understand the coming war on wealth but to fight back in a meaningful way. We are in an actual war, one aimed at changing the incentives and abilities of every day Americans to develop personal wealth, provide for their future needs and pass the value of their efforts on to their heirs. This is an issue affecting much broader groups of Americans than coventional wisdom accepts. Dan Nigito's techniques offer an effective and achievable road map in this battle, one which helps people who have worked hard to achieve success protect the fruits of their labors and at the same time results in meaningful contributions to the common good through active philanthropy. This could not come at a better time and I urge anyone who is concerned about how they will thrive in the future to buy this book.
Don't Take Taxes For Granted - Be Proactive and Fight Back September 20, 2009
P. Corpora (Bethlehem, PA USA)
5 out of 5 found this review helpful
Dan's Market Street Financial Advisors office is in my neighborhood, so when I hear he was writing a book I was eager to read it and understand his approach to taxes and investing. Given the current national debate on new and increased taxes, this is an extremely timely topic. Dan provides concrete information and action plans for the average investor. I was impressed on several fronts:
1.Dan has a sharp wit and an engaging writing style. He makes a subject that most of us have never heard of easy to understand and fun to read about. His personal stories and strong opinions inspire you to take control of your money.
2.Dan shows how people remain complacent as their money is taxed multiple times. He shows how the same dollar we earn is subject to tax four different times - income tax, dividend tax, capital gains tax and estate tax. And, these taxes are all increasing in the near future! His analysis of our tax national tax situation shows the tax burden the average investor faces.
3.Dan exposes how our tax dollars are given to causes we may not support. He shows how our overtaxed dollars go to government "pork" (see table 2.1 for some unbelievable examples), making us "Accidental Philanthropists". He calls this "adding insult to injury" - tax us heavily and then spend it against our wishes.
4.Dan outlines how using two simple financial tools will prevent us from becoming accidental philanthropists. In a clear and easy to understand manner he explains how the combination of The Charitable Remainder Trust and The Cash Value Life Insurance Contract create "The Power of Charitable Leverage". These tools allow people to keep more of their money and decide how the remainder will be spent.
I consider myself an informed investor, but this was an eye opening book for me. Every American who wants to take control of how their hard earned money is spent should read Dan's book and consider his recommendations.
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