Minimizing State Regulation with a Nevada Trust Private Foundation
Nevada is a favorable jurisdiction for a private trust. A Nevada trust may also be a favorable form for a private foundation (PF). A Nevada trust PF can avoid significant compliance costs in other states even...Continue reading→
Just Say No to Overbroad Trust and Estate Waivers: Part II
Step-by-Step Protecting Your Rights Beneficiaries can protect themselves from overbroad waiver with the following steps: Review the information provided by the fiduciary to see if there is any reason for concern. Review waivers and edit forms...Continue reading→
Regulating DAFs Will Not Increase Funding to End User Charities
The May/June Issue of Taxations of Exempts, a Thomson Reuters publication, includes “Regulating DAFs Will Not Increase Funding to End User Charities” by RHCC attorneys Reynolds Cafferata and Susanna Kim. The article looks at recent large-scale studies...Continue reading→
Self-Dealing — Not Just Do No Harm, Just Don’t Do It
Private foundations are subject to self-dealing rules that can be difficult to navigate. The difficulties arise in part because the self-dealing rules can be violated by transactions that provide a benefit to the foundation. Further, self-dealing...Continue reading→
Latest DAF Ruling
Donors Lack Standing to Challenge Action of DAF Sponsor Unless DAF Made a Specific Promise In Philip Pinkert v. Schwab Charitable Fund, Case No. 20-cv-076657-LB (N.D., Cal.), the court dismissed the lawsuit of a donor to...Continue reading→
RHCC provides comments to the IRS re Donor-Advised Funds
Reynolds T. Cafferata provides comments to the IRS on the guidance regarding donor advised funds proposed in Notice 2017-73. READ THE LETTER HERE >
Reynolds Cafferata has been included in Marquis Who’s Who
Mr. Cafferata was named 2018 “Lawyer of the Year” for Los Angeles in the area of Non-profit/Charities Law by Best Lawyers LOS ANGELES, CA, January 25, 2018 | 24-7 Press Release Reynolds Cafferata, JD, has been included...Continue reading→
Reynolds T. Cafferata is named 2018 “Lawyer of the Year”
Rodriguez, Horii, Choi & Cafferata LLP partner Reynolds T. Cafferata has been named 2018 “Lawyer of the Year” for Los Angeles in the area of Non-profit/Charities Law by Best Lawyers®. This is Mr. Cafferata’s second “Lawyer of...Continue reading→
Proposed Section 457(f) Regulations
As part of the American Jobs Creation Act of 2004, a new Section 409A was added to the Internal Revenue Code. Section 409A generally provides that, unless certain requirements are met, amounts deferred under a nonqualified...Continue reading→