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 and as a strategy for reducing your tax burden.

MarsJewett can help you develop a plan to share your success with generations to come.

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. The use of trusts involves a complex web of tax rules and regulations. We consult with experienced estate attorneys before implementing such strategies, and in many cases, we work closely with your family’s attorney and/or CPA.

EDUCATIONAL RESOURCES

Why Tax Planning Matters

Why Tax Planning Matters

Check out the PDF below on Why Tax Planning Matters. Please bring a copy of your most recent tax return to your next review meeting, and we can take it from there.

Spring Cleaning for Finances

Spring Cleaning for Finances

As the emergence of the spring weather reminds us to clear the clutter from the closets and spruce up the yard, our finances often need a spring cleaning, too. Perhaps no month is timelier for honing financial knowledge than April. Perched perfectly between the winter...

Key Financial Data 2022

Key Financial Data 2022

If you are interested in the new numbers affecting taxes, retirement contributions, health savings, Medicare, and more, please read our download the PDF below to have on hand.

Why Tax Planning Matters

Why Tax Planning Matters

Check out the PDF below on Why Tax Planning Matters. Please bring a copy of your most recent tax return to your next review meeting, and we can take it from there.

Spring Cleaning for Finances

Spring Cleaning for Finances

As the emergence of the spring weather reminds us to clear the clutter from the closets and spruce up the yard, our finances often need a spring cleaning, too. Perhaps no month is timelier for honing financial knowledge than April. Perched perfectly between the winter...