Las Vegas Charitable Gift Planning Attorney
Many people make lifetime gifts or testamentary bequests to charities. Some of their reasons are compassion, gratitude, spiritual commitment, support for the arts, science, or education, and a desire to return good to the community. The United States tax laws encourage these gifts by providing both income tax and estate tax deductions for them.
The most popular techniques for making these gifts include Charitable Remainder Annuity Trusts (CRAT), Charitable Remainder UniTrusts (CRUT), Pooled Income Funds, and Charitable Gift Annuities, as well as Charitable Lead Trusts (CLAT).
Charitable Gifts can provide income tax deductions, and defer the payment of capital gains tax. For assets such as IRAs and pension plan funds which are subject to both income and estate tax at death, a charitable gift may make more sense than leaving the asset to an individual beneficiary.
Donating a part of your estate to an organization that can benefit from your generosity allows you to become part of the fabric of the social community to which you were vested throughout your life.
At Harriet H. Roland, P.C., our charitable gift planning attorney will assist you with all of the following:
- At your initial consultation we will take the time to review your goals and objectives understanding the purpose of your gift.
- We will help you identify opportunities for charitable gift giving and advise you of the tax advantages of donating from your estate.
- We can advise you on how to make those donations either during your lifetime or upon death.
Making a charitable gift is a positive way to give back to the community that provides tax benefits for your estate and preserve assets for your family. Public policy favors charitable gifts and provides income and estate tax incentives for making them. This allows for an increased financial benefit to the beneficiaries and your heirs.
Contact us to learn more. Our charitable gift planning attorneys are experienced with all of the following:
- Charitable gift planning
- Lifetime tax benefits
- Estate tax planning
- Income tax planning
- Estate and gift tax benefits
We are experienced in working with the terminally ill, elderly and incapacitated, and will make house calls when necessary. Contact us today to speak with an experienced Las Vegas attorney regarding charitable gift planning.
