If you are a person who enjoys contributing to charity and wants to continue your charitable giving into the future, consider including charitable giving in your estate plan. This is a great way to demonstrate to your heirs the value of charitable giving and highlight your legacy of philanthropy.

There are several different ways to do this. Depending on your specific financial situation and goals, you could set up a charitable trust, establish a Donor-Advised Fund (DAF), make a bequest in your will, or use a different tool.

An estate planning attorney will work with you to determine the best charitable giving strategy to include in your estate plan.

Charitable Trusts

A charitable trust is just a trust that keeps the assets you choose to place in it. You name a trustee responsible for carrying out your management and investment directions. The trust pays taxes and requires the trustee to … Read the rest