Giving is one of the most rewarding things we can do, and it’s even better when we can make it a lasting part of our plans. Charitable planning lets you incorporate giving into your estate, allowing you to leave a legacy that reflects your values and supports the causes closest to your heart. By including charitable goals in your estate planning, you can make sure that your generosity lives on, benefiting others for years to come.

A popular choice is to set up a charitable trust, such as a charitable remainder trust, which provides income to you or your beneficiaries for a period, with the remainder going to charity. Another option is a charitable bequest, where you designate a portion of your estate to a nonprofit in your will. You might also consider donor-advised funds, which let you make contributions during your lifetime while having the flexibility to decide later which charities receive the funds.

Each of these options allows you to leave a lasting legacy, and they may offer tax benefits as well. With the right approach, charitable planning can be tailored to your financial situation and personal values, ensuring that the causes you care about are supported long after you’re gone. To explore the best charitable planning strategies for your estate, Roth Elder Law can guide you in making a plan that reflects your unique goals and priorities. To get started, call us at 607-962-6162 or fill out our intake form and we will be in touch to schedule a meeting.