Charitable Giving Attorney in Austin, Texas

How can I do charitable giving through my estate plan?

Austin, TX estates planning & probate attorney Kyle Robbins explains how you can do charitable giving through your estate plan.

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00:04
charitable planning
00:05
is uh uh one of my favorites it’s very
00:08
fun because it’s a good thing
00:10
and and we are really helping out and
00:12
benefiting a charity
00:14
and if you sit down and comprehensively
00:16
look at somebody’s estate
00:18
there are certain types of assets that
00:20
are worth more
00:21
to a charity than they would be if you
00:23
left them to your children
00:25
an example is retirement accounts you
00:27
know income taxes have not been paid
00:30
on that asset yet and if you pass that
00:32
down to your children
00:33
they’re going to have to pay that based
00:34
on their own tax brackets so if one of
00:36
your children is in the 40
00:38
tax bracket you know they’re only going
00:40
to receive 60
00:41
of whatever you pass down to them
00:43
whereas if you leave it to a charity
00:45
the charity is exempt from income taxes
00:48
they’re not going to owe anything on
00:49
that so
00:50
literally if you structure your estate
00:52
properly you can
00:54
leave more to the charity and more to
00:57
your children
00:58
than you otherwise would be able to if
01:00
you just left assets
01:01
to your children so that’s one of the
01:03
things we look at and the different
01:05
strategies
01:06
uh that we put in place when we’re
01:08
planning to benefit a charity

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