Friday, May 29, 2015

Solicitation for Copy of Deed

In Clark County, Nevada, (where most of our clients live) it is very easy to obtain a copy of your recorded property deed.  If our office helped you transfer your house into your trust, then you should have received a copy of your deed from us when the recording was complete.  But many clients, including myself, have received "junk mail" soliciting to provide a copy of your deed for a processing fee.  The mail is very official looking and convincingly informs the recipient of the reasons why you need a copy of your deed.

You do not need to fall for this solicitation.  Hopefully you immediatey realized that you already have a copy of your deed.  But if you have misplaced your deed, it is not a trajedy.  You don't have to have your original document to later sell the property.  But the main reason that you can ignore this type of solicitation is that the Clark County Assessor's website allows you to view and print a copy of your deed for freeNo charge!  No processing fees at all.

To access the county records, visit the Assessor's website link here.

I have included a redacted copy of the solicitation letter that many clients have received.

If you have any questions or need assistance locating a copy of your deed, please contact our office.

Jason C. Walker

Wednesday, May 20, 2015

Dave Ramsey Luncheon

 
Jeff Burr had the pleasure of sitting with talk show host Dave Ramsey during his luncheon held on May 7, 2015 at Brio at Town Square.  The firm was also one of the sponsors of the luncheon and want to thank Mr. Ramsey for a fantastic event.

Wednesday, May 13, 2015

Donor Advised Funds: A Flexible Approach to Charitable Giving

Donor-Advised Funds (“DAFs”) have become one of the most popular charitable giving vehicles in the United States over recent years due to the simple, powerful, and highly personal approach to giving they make possible.
 
DAFs are basically accounts set up at a financial institution or charity that allows donors to make a grant and receive an immediate tax benefit in the form of an income tax deduction.  Once the fund is set up with you as the advisor, the contribution is placed into an account where it can be invested and grow tax free. At any time thereafter you can select the legally recognized charities to make grants and contributions to.
 
Several other benefits of a DAF include:

·         Little or no initial costs, start up fees and costs are often covered by the sponsoring organization and the fund can be established immediately.

·         The tax deduction limit is fifty percent (50%) of adjusted gross income, as opposed to only thirty percent (30%) for private foundations.

·         All annual tax reporting is handled by the Donor Advised Fund, there is nothing for the individual to report.

·         The valuation of the gift is generally fair market value.

·         You as the donor may recommend grants and investments, however the DAF sponsor or fund administrator has legal control and makes all the final decisions.

·         There is no minimum required payout per year, as opposed to the minimum five percent (5%) required payout per year for private foundations.

·         Donors may name advisors to recommend grants and investments and successors to those advisors.

If you are interested in creating a Donor Advised Fund or have other questions about maximizing your charitable giving, please feel free to contact our office.