Areas Of Practice

Charitable Planning

Many of our clients have significant philanthropic objectives. Some have been generous supporters of charitable organizations in the past, while others are only now discovering the joy of providing financial and other support to charitable, religious or educational causes. Others have concluded that they have already provided sufficient benefits for family members through their estate planning and now wish to give "excess" assets to one or more charitable organizations.

We work with donors to enhance their opportunities to create meaningful charitable legacies either to existing charitable organizations or to newly formed entities. In some instances, we will create entities that will assure a life income to a donor, the donor's spouse or other family members, with the ultimate beneficiary being a charitable organization. In other instances, we will use a "deferred inheritance trust" to provide significant income to a charitable organization while assuring that assets will ultimately be returned to the donor's family, often achieving substantial estate tax savings at the same time.

Some of the tools we use in charitable planning include:

  • Charitable Remainder Trusts
  • Charitable Lead Trusts
  • Private Family Foundations
  • Supporting Organizations
  • Public Charities