Charitable Giving

One of the most fulfilling aspects associated with the accumulation of wealth is the ability to use it to help others. Private philanthropy is a thriving enterprise in the United States, and there are a variety of reasons to consider it in your estate planning.

In addition to personal satisfaction and community recognition, private gift giving in the United States supports thousands of worthwhile projects that would otherwise go unfunded. On a more practical level, resources committed to a charitable cause on a tax-advantaged basis can often avoid capital gains tax, while providing a current income tax deduction to you, your family, or your estate.

Charitable trusts can be structured to provide personal income from your assets throughout your lifetime and that of your spouse, actually enhancing the value of your estate, as you gift benefits to others in a lasting and meaningful way. MarsJewett can help you develop a plan to share your success with generations to come. The use of trusts involves a complex web of tax rules and regulations. We consult with experienced estate attorneys before implementing such strategies.