We are available to meet with clients in Champaign-Urbana area by appointment.
Contact Us

Estate Planning and Elder Law Attorney | Dent Coulson Elder Law

Get Help Right Away

Call Today: 618-632-7000 or 217-330-5500

or Send us an email

  • Home
  • Our Services
    • Alzheimer’s Planning
    • Asset Preservation Planning
    • Estate Planning
    • Medicaid Eligibility
    • Special Needs Planning
    • Trust and Estate Administration
    • VA Benefits Planning
  • News & Videos
    • Video Series
      • Coronavirus Preparedness
      • Asset Preservation Planning
      • Common Estate Planning Mistakes
      • Dealing With Alzheimer’s
      • Financial Exploitation of Elders
      • Handling Difficult Conversations with Seniors
      • Married Couples and Medicaid
      • Medicaid Application Process
      • Medicaid Look-Back Rule and Transfer Penalties
      • Nursing Home Admission and Care
      • Veterans Pension Benefits
      • What You Can and Can’t Keep with Medicaid
    • Weekly Newsletter
    • The Elder Law Minute
  • Alzheimer’s Guide
  • Presentations
    • Health Care Power of Attorney
  • Hear From Our Clients
    • Testimonials
    • Share Your Experience
  • About
    • About Us
    • Meet Our Team
    • Partners & Resources
    • About Our Fees
    • COVID-19 Policies
    • Privacy Policy
  • Contact
    • Email Us
    • Find Our Offices
    • Refer a Friend
  • DCEL Blog

Save Income Tax by Donating Appreciated Assets

Saving Income Tax by Donating assets


 

 

 

Hi I’m Wes Coulson, and this is your estate planning minute.
Since we’re at the end of the year, I want to pass along a handy end of the year income tax planning tip for you. A lot of people make contributions toward the end of the year. Most of the time, we simply write checks. There’s a more tax advantageous way of doing that. If you have some appreciated assets, for instance, your google stock that you bought for 80 dollars a share, and now it’s worth more than $500 a share, if you donate that appreciated stock, rather than cashing it in, paying tax on it, and donating the money, you will never have to pay the tax on that capital gain, and the charity or religious organization that you’ve given the stock to can sell it, and since they’re tax exempt, they won’t have to pay tax on it either. So try it, it works! Thanks.

Veterans Benefits O'Fallon ILFor Immediate Help

If you or a loved one needs immediate help with a planning matter or legal issue, please contact us, and we will get back to you promptly.

774 Sunset Blvd Suite 200
O'Fallon, IL 62269
IL: (618) 632-7000
MO: (314) 567-9292

1901 South Fourth Street,
Suite 211, Effingham, IL 62401
(217) 330-5500

Fax: (618) 632-7333

Office Hours
Monday - Thursday
8:30 am - 12:00 pm
1:00 pm - 4:00 pm
Friday
8:30 am - 12:00 pm

Champaign-Urbana by appointment

Connect with Us

  • Facebook
  • Twitter
  • YouTube

Join us for a FREE Workshop

 

Free WorkshopsIf you have reached age 65, there's about a 45% chance that you will eventually need long-term care.

Join us for one of our highly informative and FREE workshops and find out how you can protect your family's hard-earned life savings.

Visit Free Workshops for more information.

Newsletter

Subscribe to our free weekly Newsletter and receive the latest news, updates and videos straight to your inbox!

Recent Posts

  • Naming a Third Party Professional as Trustee
  • Medicaid Misconceptions
  • Medicaid Divorce: An Option Worth Considering in Certain Cases
  • Is a Living Trust Right For You?
  • Knowing What You Own and How You Own It

More News & Videos

  • Alzheimer's Planning (85)
  • Asset Preservation Planning (150)
  • Coronavirus Preparedness Series (9)
  • Coulson Elder Law (11)
  • DCEL Blog (1)
  • Document Signing (15)
  • Elder Law Minute Video (450)
  • Estate Planning (197)
  • Health Care Planning/Medicare (144)
  • Medicaid Eligibility (206)
  • News & Videos (494)
  • Special Needs Planning (48)
  • Trust Administration (14)
  • Veterans Benefits (51)

Front office building of Coulson Elder Law

Front office building of Coulson Elder Law

  • Directions to our office locations
  • Send us an email
  • About Us
  • News and Videos
  • Weekly Newsletter
  • Brochures
  • Presentations
  • Hear From Our Clients
  • Partners & Resources
  • Legal Disclaimer

Deprecated: Hook genesis_footer_creds_text is deprecated since version 3.1.0! Use genesis_pre_get_option_footer_text instead. This filter is no longer supported. You can now modify your footer text using the Theme Settings. in /home/dentcoulsonelder/public_html/wp-includes/functions.php on line 5828

Copyright © 2025 · Wesley J. Coulson | Dent Coulson Elder Law, LLC