Charitable giving throughout your lifetime has clear benefits, providing assistance to those who need it most while using your hard-earned money to make a difference. Philanthropy in estate planning allows individuals to leave a meaningful mark on their communities, causes, and faith organizations while preparing for the future. Understanding how strategic giving shapes your legacy is essential for thoughtful estate planning.
Philanthropy in Estate Planning
When you donate money to support a cause, you showcase your personal beliefs and values. However, your donation can do more than help those in need and make you feel good. It can also help provide for your community and loved ones in the long term. Legacy giving, or including charitable contributions in your estate plan, provides ongoing support to those in your life and the causes you care about the most.
Tax Benefits of Legacy Donations
Charitable giving through your estate plan can reduce the tax burden on your estate, and in some cases, it can provide income tax savings. There are a few different ways you can coordinate legacy giving, including outright, residuary, percentage or contingent bequests, as well as charitable trusts and investment accounts. An experienced estate planning attorney can guide you through which type of plan or combination of plans would make the most sense for your financial situation and goals.
Eastham Law Offices Charitable Giving Programs
At Eastham Law Offices, we believe in the power of charitable giving, both during your lifetime and beyond. Because of this, we offer special programs to our clients who choose to participate in philanthropy.
Free Wills Through Philanthropic Giving
We offer free wills to clients who make a philanthropic donation through their estate plan. This program encourages clients to give back while securing essential legal documents. During our initial consultation, we encourage clients to pursue philanthropic giving as an option for securing their legacies.
Discount for Church Tithers
Clients who designate a 10% tithe for their church in their estate plan receive a 10% discount on their estate planning package fee. By giving a tithe from your estate, you can align your financial planning with your personal faith commitments.
Integrating philanthropy into your estate plan is a powerful way to shape your legacy, benefit loved ones and support meaningful causes. Eastham Law Offices is here to help you achieve your goals and maximize the benefits of charitable giving in your estate strategy. Call us at 561-395-6800 or fill out our online contact form to schedule a consultation and learn more about our charitable giving programs.
This blog is for informational purposes only, is not legal advice, and does not create an attorney-client relationship.