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Philanthropic Planning


Our experience in counseling non-profit organizations in the area of planned giving, coupled with our concentration in estate planning, gives us special insight in addressing the needs of individuals and families who are philanthropically inclined.

Advising clients in Charitable Estate Planning matters requires a unique blend of technical knowledge in estate and tax law, as well as an understanding of philanthropic motivation. Too often, attorneys who may otherwise be adept in estate planning become a barrier to their client's philanthropy because they fail to see beyond the technical aspects of planning.

In addition to serving as consultants to charities, we represent donors who are referred by planned giving professionals or financial advisors.

We help our clients design and implement the right planning strategy to meet their charitable goals.  Some of the strategies we use include:

Charitable Remainder Trusts (CRT)

A Charitable Remainder Trust allows you to transfer ownership of assets to the trust in exchange for an income stream to the person or person’s of your choice for life or for a specified term.  At the end of that period, the trust remainder interest is transferred to the public charity or private foundation of your choice.  These trusts may reduce your income and estate taxes, and avoid capital gains taxes.

Charitable Lead Trusts (CLT)

A Charitable Lead Trust allows you to transfer ownership of assets to a trust during life or after your death.  The trust creates an income stream to a public charity or private foundation for a specified number of years.  At the end of that time period, the remaining interest is transferred to the beneficiaries of your choice, typically free of estate and gift taxes.

Private Foundations

Private Foundations offer an excellent opportunity to educate family members about philanthropy.  A private foundation is a nonprofit organization having a principal fund of its own and managed by its own trustees for the purposes of social, educational, charitable, or religious activities serving the common welfare.  Private foundations offer you a significant amount of control in determining how funds are used and may make grants to other nonprofit organizations.  Contributions to private foundations are deductible for federal gift and estate tax purposes.

For more information about how we can work with your clients or donors, please call our office at (888) 849-5993.

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