Charitable Gifts, Bequests & Trusts

A component of some estate plans may include gifts to charities—outright to a charity or through a charitable trust—as a decedent’s expression of gratitude to the charity or to advance the interests of the charitable organization. In addition to the donor’s underlying charitable intent, charitable gifts qualify for deductions from income and estate taxes. Proper structuring of charitable gifts requires careful consideration to determine several factors, including the timing of the gift (during the donor’s life or as part of the estate plan), the type of gift (outright gift without restriction, outright but restricted to a certain purpose, or an endowment fund to provide a charity with ongoing income) and whether the donor wishes to benefit family members or other individuals in connection with the charitable gift. Our estate planning attorneys will guide you through the process of examining the following alternative gifting techniques and choosing the option that’s best suited to your objectives and circumstances.

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