Austin, TX estates planning & probate attorney Kyle Robbins explains how you can do charitable giving through your estate plan. He says that charitable planning is one of his favorite areas of practice because it allows him to help clients do something truly meaningful while benefiting a charity. He explains that when he reviews a client’s estate comprehensively, certain assets can be more valuable to a charity than to children. For example, retirement accounts have unpaid income taxes, so if left to children, they may owe taxes based on their own tax brackets. If a child is in the 40% tax bracket, they would only receive about 60% of the asset. However, if the asset is left to a charity, the charity is exempt from income taxes and receives the full value. He notes that by structuring the estate properly, it’s possible to leave more to both the charity and the children than would otherwise be possible. He emphasizes that this is one of the strategies he focuses on when planning to benefit a charity.