Customer Reviews

Tax Planning from the Heart: Increase Income, Reduce Taxes and Benefit Your Favorite Charity

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The book is for people who are new to the concept of Charitable Remainder Trust (CRT) or need a quick refresher. The book does an excellent job describing the fundamentals of CRT and gives numerous hypothetical scenarios in which this method of financial planning would be beneficial. Although rather simplified, each scenario is illustrated with $ comparisons of Assets, Cash flow, and Estate tax, with and without the use of CRT. (This comparison got a bit tedious towards the end.) The book also contains a short glossary for reference. As with any beginner book on a highly technical and complex subject, the reader is left with more questions than he/she had started with. A good beginner book answers most of the questions that the reader started with and elevates the reader's curiosity to seek answers to a more refined set of questions. I believe this book has been successful in accomplishing that.

The author presents his opinion that paying taxes is bad, and giving to charity is good. There are some techinical details on tax planning, but they seem to be too complex for the beginner and too easy for people who know about tax planning already. If you have a novice understanding of tax planning already, this could be a good book to fill in any gaps.