Many individuals feel strongly about extending personal
support to causes they believe in. If you’re one, perhaps you’re
unaware of the difference such support can make in the
effectiveness of your overall financial strategy and estate
plan. You may not realize that in instances a philanthropic gift
can:
Reduce income tax liability during your lifetime
Help manage capital gains tax
Enhance your asset yield
Help lower inheritance taxes on your estate
We would like to describe some of the most frequently used
ways of incorporating a program of philanthropic giving into
your estate plan. Of course it is always essential that you seek
the advice of your estate-planning attorney, who can help you
decide what approach is most suitable for you.
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