Charitable Planning

Due to the evolving financial climate, you can be perplexed about how to optimize your philanthropic giving and year-end tax planning when overwhelmed with a variety of charitable organizations that could utilize your resources. Assessing how much to efficiently give may involve selecting the organizations you care most about and contributing the appropriate items and cash to make a difference. We are a nation of givers.

By some estimates, we give over $300 Billion each year to charities. Recently at the urging of Warren Buffett and Bill Gates, many of the world’s richest families have pledged to give at least one-half of their fortune to charity. Some families are choosing to give on behalf of their loved ones in place of leaving large estates to their children, who may suffer from Affluenza.

By giving on behalf of someone else, you are also encouraging others to share, especially to those who have everything and to your children who are just learning the benefits of philanthropy. In essence, giving to the community is your contribution to being a citizen of the world. Keeping these perspectives in mind, you can easily fulfill your philanthropic desires and personally connect to your communities in a meaningful way by charitably giving your money and volunteering your time to support needy causes.

We give for emotional reasons and sometimes we give for tax reasons.  Whatever may be the driving force for your philanthropic desires, the attorneys at Wirowek Law Group, P.C. can provide the advice needed to navigate the many decisions to be made in charitable giving.  Whether it is a private foundation, a donor advised fund, a charitable remainder trust, charitable lead trust, or any other charitable giving strategy, the attorneys at Wirowek Law Group, P.C. have the experience to recommend and create the right vehicle for your planned giving.