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So, the biggest trend I see is that taxes are no longer as important as they used to be, and instead, it’s really about someone wanting to give money away to do something good.
For many years, there were major tax incentives to give money way. The new tax law sort of reduced some of those incentives, so now, it’s really, if you want to give money away you give it away for the good reasons, and then we can figure out how we can minimize taxes on that gift.
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Washington, D.C. estate lawyer Gary Altman talks about a trend he sees in the area of charitable giving.