Estate planning creates a master plan for the management of your property during life and the distribution of that property at death.
The most basic documents of an estate plan includes:
Charitable giving is motivated by both personal reasons and tax incentives. Given a choice, very few people would like to see the IRS as a primary beneficiary of their estate. There are uncomplicated yet powerful planning techniques available to ensure that your heirs and favorite charities are your primary beneficiaries. Charitable planning involves selecting the gifted property and charitable structure that will satisfy your philanthropic needs in the most tax efficient manner.
Appreciated real estate and appreciated securities provide opportunities for gifting property to charitable causes. Likewise, qualified accounts such as IRAs are a primary source of tax-smart giving. For more complex situations, we are able to support clients by managing the portfolios in their charitable remainder trusts, private foundations, and donor advised funds.
We work closely with attorneys and CPAs in devising clients' strategies for meeting all of their goals in contributing to causes and leaving a lasting legacy.