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A gift tax, known originally as inheritance tax, is a tax imposed on the transfer of ownership of property during the giver's life. The United States Internal Revenue Service says that a gift is "Any transfer to an individual, either directly or indirectly, where full compensation (measured in money or money's worth) is not received in return."
A charitable gift annuity is a gift vehicle that falls into the category of planned giving. [1] It involves a contract between a donor and a charity, whereby the donor transfers assets, such as cash or securities, to the charity in exchange for a partial tax deduction and a lifetime stream of periodic income from the charity.
A deferred gift is a present decision to make a future gift, evidenced by a legal contract. "While the name 'deferred giving' is best known to professionals in the field, it is not a term that communicates very much to the average donor. Therefore, we suggest the term 'planned giving.' When a person makes a planned gift, it suggests forethought."
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When it comes to holiday excitement, few things can top unwrapping a small box on Christmas morning to find a car key inside, then sprinting to the driveway to see a shiny new car all wrapped up ...
The Connecticut Department of Motor Vehicles office in Hamden, Connecticut. The Connecticut Department of Motor Vehicles is a state agency of Connecticut (in the United States) that manages state driver's licenses and vehicle registration. The agency has its headquarters in Wethersfield.