CHARITABLE GIVING & LEGACY PLANNING

Giving to a charitable organization should be simple, but the tax code can introduce unforeseen challenges as you explore the best ways to use your assets to help others. There are many options for those who want to make charitable contributions: from charitable gift annuities to charitable split-interest trusts, from pooled income agreements to endowment funds.

Many of these options will allow you to shield income from taxes both during your lifetime and after your death. Rather than simply leaving your assets to a named charity, you should explore the use of legal tools to maximize the financial advantages of your gift. Making the best choices for your giving — and ensuring you take advantage of all tax-reducing opportunities of your generous contribution — is going to necessitate effective legacy planning.

The development of an effective plan to leave a legacy through generous charitable giving requires defined goals and wishes for how you would like to offer help. Then, Barbara M. Pizzolato, P.A. can tailor a plan to what you would like to achieve. Whether you want to support public charities, create a private foundation, or engage in some other form of giving, you may wish to:

• advise individuals and organization on creation and operation of private foundations;
• create charitable lead trusts, donor trusts, charitable remainder trusts, or other appropriate trusts; or
• specify the intended purpose of your charitable donation.

These are just some of the ways that Barbara M. Pizzolato, P.A. can help you best plan for or direct your charitable giving while still protecting the people you love and the assets you own.

When you’ve built your nest egg and want to generously donate money to do good in the world, you need an attorney dedicated to helping you best protect your assets and reduce your tax burden at the same time. Our attorney, Ms. Pizzolato, has over three decades of experience and can offer a plan custom-made just for you!