Bespoke Group

Cash vs. Property Gifts Explained It’s essential to recognize how the type of asset you donate can impact your tax deductions. For cash gifts made to qualifying charities, you may be eligible to deduct up to 60% of your adjusted gross income (AGI). ??? If your deduction exceeds this limit, you can carry the excess forward for up to five years. When donating property, deductions can range from 20% to 50% of your AGI, depending on the type of asset and the receiving charity. For real estate donations, you can generally expect deductions in the range of 20% to 30%. Careful planning can help you maximize your charitable impact while aligning with your financial objectives. #EstatePlanning #FamilyOffice #OGS24 #OnchainGiving Check out the full Onchain Giving Summit 2024 conversation between Matt McClintock and Adam Blumberg. https://lnkd.in/g9THmZyb Also, check out our new article to learn about charitable giving, tax benefits and different trust structures. https://lnkd.in/gT3wmB3H

Happy Thanksgiving!

Unlock Tax Savings with Smart Gifting When considering gifts of cash, real estate, or appreciated assets, it's important to understand the potential tax advantages ?? Contributions may allow for deductions of up to 60% of your adjusted gross income (AGI) for cash gifts and up to 30% for property donations. Additionally, any unused deductions can be carried forward for up to five years. Consider how a strategic approach to giving can align with your financial goals and support your legacy. #EstatePlanning #FamilyOffice #OGS24 #OnchainGiving Check out the full Onchain Giving Summit 2024 conversation between Matt McClintock and Adam Blumberg. https://lnkd.in/g9THmZyb Also, check out our new article to learn about charitable giving, tax benefits and different trust structures. https://lnkd.in/gT3wmB3H

During the Onchain Giving Summit hosted by Endaoment, Bespoke founder Matt McClintock spoke with Adam Blumberg, Bespoke Client Services Associate and co-founder of Interaxis, about the importance of incorporating philanthropy into estate planning. Charitable giving is a powerful way to support causes you care about, and it can also play a key role in estate planning. Whether making outright gifts to family members or donating to charitable organizations, there are significant tax benefits available. #EstatePlanning #FamilyOffice #OGS24 #OnchainGiving Learn about charitable giving, tax benefits and different trust structures in our new article. https://lnkd.in/gT3wmB3H Also, check out the Onchain Giving Summit 2024 conversation between Matt McClintock and Adam Blumberg. https://lnkd.in/g9THmZyb

Navigating the intersection of charitable giving and tax planning can unlock significant financial and philanthropic opportunities. Whether you’re looking to maximize your tax benefits, manage appreciated assets, or support causes you care about, various strategies can enhance both your financial plan and charitable impact. Learn about charitable giving, tax benefits and different trust structures in our new article. Also, check out the Onchain Giving Summit 2024 presentation by Matt McClintock and Adam Blumberg below. #EstatePlanning #FamilyOffice #OGS24 #OnchainGiving https://lnkd.in/gT3wmB3H https://lnkd.in/g9THmZyb

Purposeful Estate Planning for Bitcoin Generations The process of estate planning is not just facilitating the transfer of assets from you to somebody else. There are values that need to attach to this transfer, and we need to ensure the beneficiaries are prepared to receive the wealth that you’ve built, honor your legacy and have the opportunity to become the best versions of themselves. #EstatePlanning #PersonalWealth To learn more, check out the article on our website or watch the full interview on YouTube. https://lnkd.in/gT3Bry6H https://lnkd.in/gnFquu6J

Since the initial rollout of the Corporate Transparency Act (“CTA”) on January 1, 2024 various states have been working on their own reporting requirements, often focusing on narrower categories of “reporting companies”. A current example is the state of New York, which recently signed into effect the LLC Transparency Act. The NY LLCTA will create a database of beneficial ownership information for LLCs that is accessible to government agencies and federal, state and local law enforcement. Reporting will occur on an annual basis and LLCs that qualify for exemptions must file an attestation of exemption with the New York Department of State within 30 days of formation or registration. While attempting to crack down on tax evasion, abuse of tenants by landlords, and employers engaged in wage theft, the NY LLCTA will ultimately affect many law-abiding individuals who are simply trying to protect their privacy through an LLC. Other states including California and Illinois are also considering similar measures. In addition to placing greater administrative burdens on individuals and corporations, state level BOI collection further diminishes the right to privacy and increases the attack surface for a data breach as this information is stored in a separate database. Moreover, states can establish more frequent data collection timelines and reporting companies are exposed to additional fines and penalties for non-compliance. Estate planning is an ever-evolving process and we maintain an open dialogue with our clients. As new state requirements continue to emerge, we continuously work with clients to optimize for privacy and find the best jurisdictions to fit their needs. For more insight on how we think about favorable jurisdictions, please read our article Choosing Favorable Trust Jurisdictions for Maximum Benefit. https://lnkd.in/gtxSmEbE To learn more about the NY LLC Transparency Act, please visit the official governor website of New York State. https://lnkd.in/gY8Gakg7

Estate Planning is an Act of Sovereignty Why do all bitcoiners need to be thinking about an estate plan? Proactive estate planning is the ultimate exercise in self-sovereignty. If you fail to create a proactive plan that the law recognizes that allows your family to privatize the process by which decisions get made in the future, then it becomes a very public and drawn-out process and odds are the decisions that get made on your behalf are not the decisions that you would make for yourself. Maintaining sovereignty of your private keys takes care of one asset, but having a proactive, intentional and intelligent estate plan exercises sovereignty over every aspect of your life. #WealthProtection #bitcoin To learn more, check out the article on our website or watch the full interview on YouTube. https://lnkd.in/gT3Bry6H https://lnkd.in/gnFquu6J

Matt McClintock and Kristin Stroud will join Mark Connors and Rich Kerr on the Wake-Up Call podcast presented by OnRamp Media to discuss: ·?????Bitcoin fundamentals ·?????Utility of both the asset & the network ·?????Bitcoin’s role in a diversified portfolio ·?????Gauging client demand for advisors ·?????The realities of inflation & debasement ·?????And much more… When: Tuesday November 12th @11a EST Click “Attend” to tune into the conversation LIVE. Tomorrow November 12th @11a EST: https://lnkd.in/gB-Pn9a9

Jacob L. S. and Robert L. dive into Donald Trump's surprising victory and its potential impact on various sectors, including the economy and the markets. They discuss the prevailing mood in both the US and Europe, highlighting a sense of resignation to Trump's return among many citizens. They explore the market reactions following the election results, noting the volatility in risk assets and the contrasting performance of renewable energy stocks and traditional industries like steel. The conversation also touches on the evolving political landscape in Germany, where the government is facing significant challenges, potentially reshaping Europe's response to US policy under Trump. Throughout the discussion, there is a critical examination of the term "vibes" and its influence on public sentiment and market behavior, raising questions about how perceptions can drive decisions in uncertain times. Tune in where you listen to your podcasts: https://lnkd.in/gBfHu5tk Rob Larity, Bespoke Chief Investment Officer Jacob Shapiro, Bespoke Head of Geopolitical & Macro Research, Senior Client Relationship Manager