Charitable Planning
At Peters and Krown, we understand that your estate plan is more than just a legal document—it’s a reflection of your values, priorities, and the legacy you want to leave behind. Charitable planning allows you to support the causes and organizations you care about most while achieving significant tax advantages and ensuring your financial goals are met.
Whether you’re passionate about education, healthcare, environmental conservation, or community development, our experienced attorneys will work with you to design a charitable giving strategy that aligns with your vision and maximizes your impact.
What is Charitable Planning?
Charitable planning is the process of integrating philanthropy into your estate plan. It allows you to support charitable organizations during your lifetime or after your passing, while also providing financial benefits for you and your family. By leveraging strategic tools and techniques, you can reduce your tax burden, preserve your wealth, and create a lasting legacy of generosity.
Our Charitable Planning Services
Our firms specializes in creating customized charitable planning solutions tailored to your unique goals and circumstances. We offer a full range of services, including:
1. Charitable Trusts
- Charitable Remainder Trusts (CRTs): Provide income for yourself or your loved ones during your lifetime, with the remaining assets going to your chosen charity upon termination of the trust.
- Charitable Lead Trusts (CLTs): Support your favorite charities with income or assets for a set period, after which the remaining assets pass to your beneficiaries.
2. Donor-Advised Funds (DAFs)
Simplify your charitable giving with a donor-advised fund, a flexible and tax-efficient way to manage your donations. You can contribute assets to the fund, receive an immediate tax deduction, and
recommend grants to your favorite charities over time.
3. Gifts of Appreciated Assets
Donate stocks, real estate, or other appreciated assets to charity to avoid capital gains taxes and maximize the impact of your gift. This strategy allows you to support your favorite causes while reducing your tax liability.
4. Private Foundations
Establish a private foundation to maintain control over your charitable contributions, involve your family in philanthropy, and create a lasting legacy. Our team will guide you through the legal and administrative steps to set up and manage your foundation.
5. Bequests and Legacy Gifts
Include charitable gifts in your will or trust to leave a lasting impact on the organizations you care about. We can help you structure these gifts to ensure they align with your overall estate plan and financial goals.
