People have many different reasons for wanting to give to others, but most people are unaware of how to effectively give so as to reduce tax consequences and reduce the possibility of other unforeseen results that proper charitable planning eliminate. At the Ogden Law Firm, PC, we encourage clients to include charitable planning in their estate plans so as to maximize both the person’s sense of happiness but also to use the beneficial tax laws in our client’s favor.
Ogden Law Firm, PC believes passionately in the blessings of giving and the wisdom of using all of the tools and techniques of charitable giving to maximize your gifts, both for yourself and your intended recipient. Charitable gifts may be given to various different entities or persons, such gifts to non-profit, educational, religious and charitable institutions or other causes as defined and permitted in the Internal Revenue Code. However, to maximize tax benefits to both the donor and the donee, charitable gift planning techniques should be considered.
Some of the charitable gift techniques involve or include the following:
- Outright Gifts
- Charitable Remainder Trusts
- Charitable Lead Trusts
- Private Foundations
- Donor Advised Funds
It has been said that it is more blessed to given than to receive, and that altruism, or giving for the benefit of those less privileged than you, is integral to and is a marker of the ultimate actualization and happiness of human beings. Regardless of whether you feel emotionally moved by someone’s life story or you feel a sense of close association to a particular charity, organization, or other qualified group, Ogden Law Firm, PC will assist you in your charitable planning goals. Contact us and we would be glad to speak with you.