We often provide advice and assistance to clients who desire to make significant gifts to charity. We can help clients implement:
- Outright transfers to charitable organizations, including advice on income tax compliance (such as qualified appraisals, required acknowledgments and reporting);
- Charitable remainder trusts (a trust designed to provide a stream of income to one or more individuals for life or a period of years, with the remainder passing to one or more charities);
- Charitable lead trusts (a trust designed to provide annual income to one or more charities for a period of years, with the remainder passing outright or in further trust for one or more individuals)
- A private family foundation (often used by high-net worth individuals to establish a family gifting plan and as the recipient of a substantial portion of the estate at death).
I concentrate my law practice on planning for the transfer of family wealth and the design and implementation of tax-advantaged asset transfers. I also help clients establish and administer closely-held business and real estate entities, such as corporations and limited liability companies.