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Estate Planning Is More than Assets

Posted by Nina Whitehurst | Jun 11, 2018 | 0 Comments

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Planned giving is one way to leave a good legacy.

Assets are often the first thought about estate planning.  However, that does not mean your other values have to be left out of your estate plan completely. You can use your estate plan for planned charitable giving, according to the Nashua Telegraph in "Planning to give and leaving a lasting legacy."

Planned giving is simply making provisions in your estate plan that a certain amount of money or a percentage of your estate's assets should be given to charity. It is a popular option for people. It is popular not only with the wealthy, but also with people of more modest means who want to leave something behind for good causes.

There are several different ways that you can make charitable donations a part of your estate. Some are as simple as a few lines written into a will and others are far more complicated, including setting up special trusts for the purpose.

An estate planning attorney can advise you on creating an estate plan that fits your unique circumstances and may include planned giving.

Reference: Nashua Telegraph (May 20, 2018) "Planning to give and leaving a lasting legacy."

About the Author

Nina Whitehurst

Attorney at Law Nina has been practicing law for over 30 years in the areas of estate planning, real estate and business law She is currently licensed in Alaska, Arizona, California, Colorado, Oregon and Tennessee. Her Martindale-Hubbell attorney rating is the highest achievable: 5 stars in peer...

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