Charitable Planning and Administration

Many estate plans involve a certain degree of giving back, whether that be during your lifetime or at death. Whatever your charitable objective, we have the experience to see it is achieved. An important aspect of charitable giving is how to best leverage a contribution for income or estate tax purposes. For example, if one were to give appreciated stock, they would receive the benefit on the appreciated amount, without having to sell it and incur capital gains tax. Similarly, retirement accounts can often be leveraged to maximize charitable contributions.

Some families are interested in establishing more sophisticated charitable vehicles, such as private foundations, supporting organizations, charitable trusts or donor-advised funds. These entities are unique and can provide far-reaching benefits, including income and/or estate tax savings, building family values, educating subsequent generations and leaving a legacy of charity.

Some strategies to reach these goals include: