Having a talented estate planning attorney is critical because your decisions today can have major and long-lasting financial effects. Your charitable gift planning attorney will advise you on all your options and how they impact aspects like income deduction or preservation, capital gain taxes, and other estate tax benefits.
Only charitable giving that goes to a 501(c) non-profit (as defined by the IRS) is eligible for tax benefits. Because not all non-profit organizations are 501(c)s, confirming the status of your beneficiary before making a sizable donation is a vital step.
A charitable trust is a specific kind of trust that earmarks certain assets for charitable giving.
Unlike trusts, gift annuities are contracts made directly with charities.
Also known as an annuity trust, this trust is used to distribute a fixed amount or percentage of the trust’s assets to a charity for a set number of years or the life of an individual.
Direct gifts can include donations of stocks, bonds, real property, or personal property. Sometimes, charities sell these donations to fund gift annuities.
With this kind of trust, a fixed percentage or amount of assets are distributed to an individual for an indicated period. Then, at the end of the term, any remaining assets go to a designated charity.
They can help you achieve your philanthropic goals by providing assets to a charity and allowing you to be involved with the charity’s grant-making process.
If you’re interested in better outcomes for your legal affairs, you needn’t look any further. We’ve been establishing a successful track record since 1982. That’s a long time and a lot of wins.
You’ll appreciate our way of doing things. We’ve streamlined our methods so they’re effective and efficient. With our keen attention to detail and comprehensive service, everything you need done gets done right.
Contributing to our communities and causes is core to our firm. This means we truly understand your desire to give and can accommodate your unique requirements. We’re here to help you every way we can.
Charitable donation attorneys help ensure your estate plan strategically aligns with your philanthropic objectives and optimizes your financial benefits.
Many estate plans include charitable gifts like bequests, charitable trusts, life insurance policies, securities, and real estate.
Incorporating charitable giving in your estate planning is a way to provide income, tax benefits, and support for organizations and causes you care about.
501(c) organizations have tax-exempt status. This is what entitles you to potential tax benefits for your charitable gift.
