Making the Most of Your Charitable Giving in California

If you have the choice of paying taxes (involuntary philanthropy) or making a charitable gift (voluntary philanthropy), chances are that you would choose the latter because it gives you an inherent satisfaction and allows you to choose who the money will benefit.

At Lifetime Legal , an experienced attorney will help you make your charitable gifts and good stewardship in the most tax-efficient manner. Whether you have been involved in a charitable activity that you would like to continue contributing to beyond your lifetime or whether you would simply like to integrate charitable giving as part of your estate planning, we can assist you in meeting your goals.

What Is Charitable Planning and What Are the Different Ways to Make Charitable Gifts?

Charitable planning is a way for a donor to transfer assets to a non-profit after death. It is also a way for a donor to preserve income from assets throughout their lifetime while knowing that the assets will generate benefits for a worthwhile cause after the donor dies.

There are many different ways you can make charitable gifts, including:

  • Charitable Remainder Trusts
  • Charitable Gift Annuities
  • Charitable Lead Trusts
  • Private Foundations
  • Donor Advised Funds
  • Life Insurance
  • Public Charities

Each of these methods of gift giving are different and the one that is right for you depends on your specific financial situation and priorities. But the important thing to remember is that without a will or a trust or one of the irrevocable charitable trusts, charities you may have wanted to benefit will not receive those gifts. If your estate goes through probate because you did not devise a plan, the Probate Court will not know about your charitable wishes and cannot make any gifts to the charity of your choice.

Why You Need a Charitable Planning Attorney

The Internal Revenue Service (IRS) is very specific about the way in which an individual can make charitable contributions and the way it may benefit the individual’s tax benefits. Moreover, state and federal tax laws change periodically, making it imperative that you enlist the assistance of an attorney to help you make the most of your charitable giving.

Our team at Lifetime Legal has extensive experience in estate planning and charitable giving. We will help you create a solid and successful plan for your charitable giving. We will preserve, protect and transfer your wealth in the most tax-efficient manner possible.

Contact an Experienced Charitable Planning Attorney

A well-designed and integrated estate plan that includes charitable planning is the best way to fulfill your goals. At Lifetime Legal , we offer a wealth of free information and free charitable planning consultation to suit your personal needs.

For more information or to schedule a complimentary consultation with an experienced charitable planning attorney, please call 805.419.5290.

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