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THE EVOLUTION OF FINANCIAL INTELLIGENCE
THE EXCELLENCE ISSUE
EX:15
39
WORTH.COM
VOLUME 24
|
EDITION 06
Dallas, TX
Leading Wealth Advisor
The Moore Group at Morgan Stanley
Marie A. Moore, CPM®, Managing Director–Wealth Management, Financial Advisor
Shawn D. Moore, CFP®, Financial Advisor
What are split-interest vehicles,
and how might they benefit donors?
By The Moore Group
Split-interest vehicles are used to
designate two beneficiaries: one current and one remainder. The current
beneficiary receives an annual payout stream from a trust, typically the
donor, during his or her lifetime. The
remainder beneficiary receives the
assets left in the trust at the conclusion
of its term. There are four major types
of split-interest vehicles. They all offer
potential tax benefits, and you should
discuss your individual situation with
your tax or legal advisor to determine
what those benefits are.
A charitable gift annuity is a special
type of agreement designed to provide
you with the benefits of a traditional
annuity but give the underlying asset
to charity. In exchange for a gift of cash
or securities (some states allow the gift
of closely held stock or property), you
will receive annuity payments for life
from your selected charity. The lifetime
annuity payments will start at the time
of your choosing. Typically, tax advantages include a current income tax
deduction and favorable tax treatment
of the annuity payments, depending on
your specific situation. Many charitable
gift annuity programs permit donations as low as $10,000.
A charitable remainder trust (CRT)
is a tax-advantaged vehicle that enables
you, as the donor, to give to charity,
diversify assets and receive annual
payouts. If you have been holding
onto appreciated assets for fear of paying a high capital gains tax, you could
transfer the assets to a CRT and possibly avoid immediate capital gains
on the transfer. Additionally, the trust
provides you with an annual payout
stream. At the end of the payout term,
the remainder of the assets go to the
charity. As donor, you determine the
term of the trust, which can last for your
lifetime, or for a fixed term of up to 20
years. You can also choose the level of
annual payouts to be paid by the trust
subject to minimum and maximum
allowable amounts. When your payout
term ends (often at death), whatever
is left in the trust is distributed to the
charity (or charities) of your choice.
Charitable lead trusts (CLTs) are
generally more attractive during
periods of low interest rates. A CLT
works as follows: You fund the trust,
preferably with an asset expected to
appreciate; the charity receives a fixed
annual payout from the trust; and the
remainder goes to your beneficiaries
at the end of the charity’s payout term.
The primary benefit of a CLT lies in
its gift tax consequences. The value
of the donor’s initial gift to the trust is
determined by a government-set rate,
the term of the trust and the payout to
charity. When this rate is low, the value
of the donor’s gift is reduced for gifttax purposes.
A pooled income fund allows you
to “pool” together cash or securities
to create one large gift for charity. The
charity then reinvests these assets as a
pool. The fund’s annual income is paid
to you or your beneficiaries, based on
your share and/or each beneficiary’s
share of the pool. Upon the death of
the fund’s beneficiary (or beneficiaries), the remaining share of the pool
is transferred to the charity. Pooledincome funds generally are beneficial
for investors who wish to make small
gifts to charity (subject to the charity’s
own minimums) while still receiving
income from the gifts.
Marie A. Moore is a Financial Advisor with the Wealth Management division of Morgan Stanley in Dallas, Texas. The views expressed herein are those of
the author and may not necessarily reflect the views of Morgan Stanley Smith Barney LLC. Member SIPC. www.sipc.org. Morgan Stanley Financial Advisor(s)
engage Worth to feature this profile. Marie A. Moore may only transact business in states where she is registered or excluded or exempted from registration,
www.morganstanleyfa.com/themooregroup. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect
transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Marie A. Moore
is not registered or excluded or exempt from registration. The strategies and/or investments referenced may not be suitable for all investors. Morgan Stanley
Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult
their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP
(with flame design) in the United States. (CRC1312195 11/15)
LIVE
“The four major
types of split-interest
vehicles all offer
potential tax benefits.”
How to reach the Moore Group
GROW
Call 214.696.7175, text 214.600.9606 or email
[email protected].
MAKE
—The Moore Group
T H E MOORE GROU P AT MORGAN STANLEY
WHAT’S ON MY DESK…
Marie: Barron’s Top 100 Women
Financial Advisors award*
Shawn: Magazines, awards,
plans and research
Marie A. Moore
Shawn D. Moore
About the Moore Group at Morgan Stanley
ILLUSTRATION BY KEVIN SPROULS
Marie A. Moore is a family wealth director and senior portfolio management director at Morgan Stanley,
with more than 26 years of experience. Prior to joining the firm, she was manager of mergers, acquisitions
and divestitures with Texas Instruments, where she bought and sold corporations, divisions and product
lines to round out the company’s strategic plans. Working with her son, Shawn D. Moore, CFP®, financial
advisor, Ms. Moore ensures that the focus of the Moore Group is on the planning and investment needs
of families, from grandparents to grandchildren. Through its family wealth management practice, the
Moore Group helps families to not only preserve but also communicate their traditions, histories and
values to future generations.
Assets Under Management
$370 million (as of 4/2015)
Association Memberships Association of Professional Investment Consultants,
Association for Corporate Growth, National Association of Accountants
Minimum Net Worth Requirement
$5 million (planning services)
$2 million in assets (investment services)
Professional Services Provided Planning, investment advisory, corporate
and money management services, access to lending services, philanthropy
and business development
Minimum Fee for Initial Meeting
None required
Education Marie: CPM, Columbia University; MBA, University of Dallas;
M&A certification, Northwestern University, Kellogg School of Management;
BBA, finance and accounting, University of Texas at Arlington; Shawn: CFP®,
College for Financial Planning; BS, MIS, University of North Texas
Largest Client Net Worth $180 million
Financial Services Experience
Marie, 26+ years; Shawn, 9 years
Primary Custodian for Investor Assets Morgan Stanley Smith Barney LLC
Compensation Method
Asset-based and fixed fees, commissions
(investment and insurance products)
*
Website www.morganstanleyfa.com/themooregroup
Email [email protected]
[email protected]
Please visit www.morganstanleyfa.com/themooregroup for more information on the Barron’s Top 100 Women Financial Advisors award
methodology and criteria.
The Moore Group at Morgan Stanley
8383 Preston Center Plaza Drive, Suite 400, Dallas, TX 75225
WORTH.COM
214.696.7175
DECEMBER 2015-JANUARY 2016
121
Marie A. Moore, CPM®
Managing Director–Wealth Management and Financial Advisor
Shawn D. Moore, CFP®
Financial Advisor
The Moore Group at Morgan Stanley
8383 Preston Center Plaza Drive, Suite 400
Dallas, TX 75225
Tel. 214.696.7175
[email protected]
[email protected]
www.morganstanleyfa.com/themooregroup
REPRINTED FROM
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the evolution of financial intelligence
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