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Charitable Planning

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Provide Lifelong Income

Charitable trusts can help with retirement, estate planning, and tax management.

We know you don't want to leave your family with unnecessary heaps of debt and taxes.  We can ensure that debts will be paid when you pass on, minimizing stress for your family. We can also help you minimize after-death taxes to keep  your retirement and other assets intact for loved ones.

Let us show you how we can minimize taxes and debt for your posterity, leaving a legacy your family can enjoy for years to come.

Plan Your Legacy

We'll help you make sure your money leaves its mark.

Retirement

We will work with creditors to ensure that all past debts are paid, leaving your family to reap the benefits of your hard  work.

Estate Planning

We'll follow through on will responsibilities and help settle disputes between heirs.

Tax Management

We'll help you minimize after-death taxes, making life much easier for your family.

Who This Service is For

Charitable trusts offer flexibility and some control over your intended charitable contributions as well as lifetime income, thereby helping with retirement, estate planning and tax management.

Want to Learn More?

Remember your gifts must be made to a qualified organization as defined by the IRS. Churches, synagogues, temples, mosques, and governments qualify.

The maximum deduction is 50% of adjusted gross income *AGI, which applies to gifts made to public charities or private foundations like those mentioned above. Contributions made to places outside the above mentioned are capped at 30%, including veteran organizations, fraternal societies, non profit cemeteries, and other non operating foundations.

Contributions of property are generally valued at fair market value unless it's a short-term capital gain property where the deduction is equal to the donor's basis. Work with a tax professional to ensure proper deduction.

You may be considering zeroing out potential estate tax with a gift to a private foundation, community foundation or DAF (directly to charitable organization). In general, private foundations with closely held stock don't work. Donors only get a deduction for basis (or fair market value, if less) but a foundation does work to offset the gain once a taxable event, like a business sale, has already occurred.

You may carry over your contributions which aren't able to deduct in the current year for up to 5 years if you continue itemizing your deductions. But if you are subject to the Pease limitation on deductions, your charitable deduction may be reduced drastically. Maintaining proper paperwork is essential to accommodate IRS recordkeeping requirements.