Trusts can be used as powerful estate planning tools. If your goals include leaving a philanthropic legacy, charitable trusts can provide a “win-win” situation for you, your family and your chosen charitable beneficiary.
Giving to HFH/Buffalo While Still Leaving Funds For Your Family
A charitable lead trust:
- is set up for a specified time (or can be a lifetime)
- the assets are returned to the donor or designated beneficiaries when the specified time ends
- allows the donor to determine when family members will receive an inheritance
In many cases, taxes and probate expenses may be reduced or eliminated.
To start a charitable lead trust, contact your attorney or tax advisor.
Donating Money You Don’t Need in Retirement to HFH/Buffalo
A charitable remainder trust:
- ensures that your personal goals are met using the funds and income of the trust
- remaining funds would be distributed to charity
- can be combined with other trusts to also provide a benefit (with or without restrictions) to your children or grandchildren
This options makes sure prospective donors will be provided for before making a charitable commitment.
For more information, please contact us using our online email form.