October 9, 2012

Created Trust to Fund Charitable Contributions, Protect Estate

After inheriting a significant amount of money, our client turned to us to help set up a charitable trust. Through the trust, we helped our client make annual charitable donations while removing a significant amount of money from her taxable estate. The trust was funded with low-basis stock, and each year our client sells a portion of these shares to obtain the cash needed for donations. Any capital gains are offset by the trust’s charitable deduction.

Learn more about our Family Wealth and Estate Planning, Tax Planning and Compliance services.

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