Charitable Giving in Your Estate Plan

Charitable motivations and intentions are an important part of estate planning for many clients. These intentions can often be carried out in a way that mutually benefits one or more charities as well as family and friends. In other words, your charitable intentions can serve a public good while still serving the needs of your loved ones.

By establishing charitable trusts, Bennett & Wyatt, LLC, is able to help you achieve your charitable goals while minimizing the taxes with which your estate will have to contend. There are two types of trusts commonly employed to serve people's charitable estate planning needs:

  • Charitable remainder trusts — A charitable remainder trust allows you to provide a benefit to an heir for a period of time, with the remainder going to a charity or charities at the end of that period.
  • Charitable lead trusts — In a charitable lead trust, a charity would be the recipient of an annual payment for a set period of time with the remainder going to an heir or heirs upon the elapsing of that time period.

In addition to trusts of these types, Bennett & Wyatt, LLC, also assists with the establishment of private foundations, including providing counsel regarding their operation.

Decades of Estate Planning Experience

At Bennett & Wyatt, LLC, attorneys Dana A. Bennett and Jason L. Wyatt help clients achieve their charitable goals through the establishment of trusts and private foundations. With years of experience in estate planning, they have the experience and skill to be able to achieve the most complex estate planning goals for clients of the firm. They understand that many people want to help others in addition to their loved ones. Charitable giving allows clients to support charitable causes on a large scale while simultaneously benefiting their loved ones.

Charitable Planning Attorney Serving Monmouth County and Throughout New Jersey and New York

When estate planning questions or estate and trust administration issues arise, turn to Bennett & Wyatt, LLC, for experienced counsel that offers the guidance you need to make the right choices. To schedule an initial consultation with an estate lawyer, call 732-268-7520 or contact the office online.