Charitable Giving Attorney in Spring, Texas
How does charitable giving fit into an estate plan?
How does charitable giving fit into an estate plan?
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Our charitable giving is an untapped area where people do not see the benefits that can be achieved with a charitable vehicle, a charitable corporation, a charitable foundation, our charitable lead trust. There are a whole lot of charitable tools in the toolbox. And I share with people if you have a small desire to give and you have a significant estate, you can achieve a great deal through the use of charitable vehicles. You’ll come out better from a tax standpoint, and even better from a feeling of accomplishment and legacy that you’ve left behind. So it’s something to consider when you have a large estate. When I define largest estate over about 15 million dollars with a company. There are a lot of things that can be done in the charitable realm to save capital gains tax and estate taxes.
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Spring, TX estate planning & probate lawyer Michael C. Riddle explains how charitable giving fits into an estate plan. He views charitable giving as an often untapped area where people may not fully appreciate the benefits available through charitable vehicles. These can include a charitable corporation, a charitable foundation, or a charitable lead trust—there are many tools in the charitable toolbox. He advises clients that even a modest desire to give, when paired with a significant estate, can achieve remarkable results. Not only can charitable planning provide meaningful tax advantages, but it also creates a lasting sense of accomplishment and legacy.
He particularly emphasizes this for clients with larger estates—generally those valued at $15 million or more. In these cases, strategic use of charitable vehicles can significantly reduce capital gains and estate taxes while leaving a meaningful impact.
