Just Say No to Overbroad Trust and Estate Waivers: Part II
By Reynolds Cafferata and Catherine Anne Karayan 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 so that they do not provide fiduciaries with greater protections than they […]
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 of giving habits of donors to donor advised funds and concludes that proposed regulations of donor advised funds […]
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 transactions can occur even when there is not a direct transaction between the foundation and a related party. Reynolds […]
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 a donor advised fund (“DAF”) for lack of standing. In Pinkert, the donor made contributions to Schwab Charitable Fund […]
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 in Marquis Who’s Who. As in all Marquis Who’s Who biographical volumes, individuals profiled are selected on the […]
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 the Year” recognition by the publication and his peers. In 2011, Mr. Cafferata was named “Lawyer of the […]
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 deferred compensation plan for all taxable years are currently includible in gross income to the extent not subject to a […]