Do you want to benefit a charitable organization or cause? Your estate plan can provide for such organizations in a variety of ways, either during your lifetime or at your death. Depending on how your planned giving plan is set up, it may also let you receive a stream of income for life, earn higher investment yield, or reduce your capital gains or estate taxes.
Planned giving can take many forms depending on your goals, the assets you wish to give, and when you would like the charitable organization to receive them. Charitable gifts may be incorporated into a will or trust, or structured as part of a broader estate plan. Thoughtful planning can help you support the organizations and causes that are important to you while considering how those gifts fit with the financial needs of you and your family.
Because there is no single approach that works for every individual or family, it is important to understand your options before deciding how charitable giving should fit into your estate plan. The Law Offices of Johnine Clark, P.A. can work with you to develop an estate plan that reflects both your charitable intentions and your overall goals for the future. Contact our office today to schedule a consultation and discuss your planned giving and estate planning options.
