How Can Estate Planning Attorneys Help You Give to Charity?
Cincinnati estate planning attorneys can provide comprehensive help in making a plan for your legacy. You can control exactly what you want to happen to the assets that you have spent your life working to acquire, but you must get the right legal help in order to have this control. If you do not take action, then default intestacy law can determine what will happen to your wealth, and the distribution of your money and property under intestacy law may not be your preferred outcome.
For many people making an estate plan, giving to causes that they care about is important. If you have a charity that you believe in or a cause that you think is improving the world and that you would like to contribute to, you can leave your money and property to a charitable organization or you could even start your own charity. The key is to make your gifts in the most strategic and effective way so you can best benefit the charity and make the most effective use of your assets.
Zimmer Law Firm provides comprehensive assistance to clients who want to make a strategic gifting plan. Whether you want to provide gifts to charity during the course of your lifetime or you want to make a gift to a charitable organization after you pass on, our legal team can guide you through using the legal tools that are going to allow you to maximize the value of you contribution. We can also help you to explore the process of starting your own charitable foundation if this is something that you could potentially be interested in and if you want to make even more of a direct difference than just giving money to some other organization.
You should begin your planning early so you can ensure you have a charitable gifting strategy in place before something happens to you and it is too late for you to make the impact that you had hoped to make with your assets. Give Zimmer Law Firm a call today to talk with Cincinnati estate planning lawyers who can provide you with advice on every aspect of charitable giving as part of a legacy plan.
How Estate Planning Attorneys Help With Charitable Gifts
When you make a charitable gift, you can get tax benefits from doing so both during your lifetime and after your death. Taking advantage of tax breaks can allow you to give more of your money to charity. You can simple make a contribution to an eligible organization and take a deduction from your taxes, or you could also make a more complex and effective gifting plan that is part of an overall tax planning and legacy planning strategy.
You could use tools like charitable remainder trusts if you want to make a financial gift to other charitable organizations, or you could start a charitable foundation which would allow you not only to contribute your own funds but also to accept donations from others and use the money that you are providing and raising in order to do good.
The best approach is going to depend upon many factors including the amount of money you are interested in giving to charity, your personal tax situation, and the level of involvement that you wish to have – if any- beyond making a financial gift. Let Zimmer Law Firm help with your personalized plan so you can make the choice for gifting that is best for you.
Getting Help from Cincinnati Estate Planning Attorneys
Zimmer Law Firm can provide guidance on choosing the best approach to use if you want to provide a gift to charity and make the maximum impact with your money. We can work with you to maximize the tax benefits associated with charitable gifting during your lifetime and after your death, and to help you to structure your gift in the most strategic way possible. We can also provide guidance on the process of starting your own charitable foundation and on the benefits that can result from taking this approach to charitable gifting.
Our legal team also helps with all other aspects of legacy planning, including making sure an inheritance you pass on to family members can transfer as quickly and as cost-effectively as possible. To find out more about the ways in which our Cincinnati estate planning attorneys can assist you with all aspects of the legacy planning process, join us for a free seminar. You can also give us a call at 513.721.1513 to get personalized help with the estate planning process. Call today to find out more.