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Making Charities a Part of Your Estate Plan

Most people have a cause or charity that is close to their hearts and are happy to donate their time or money to the charity. Most charities are very grateful for the support because they are non-profit organizations with a great need for support. In addition to your efforts during life, you can also support your charity upon your death by including it in your estate plan.

There are many ways to make a gift to your favorite charity at your death that range from the simple to the complex. You can for instance name the charity as the beneficiary of your IRA account or a life insurance policy. You can name the charity as a beneficiary in your will and give it either a specific dollar amount or a percentage of your estate as a gift. You can even do something a little bit more elaborate like establish a charitable remainder trust, an endowment or a foundation. The choice is yours and with the guidance of your estate planning attorney, accountant and financial advisor, you can set up the charitable gift plan that best suits you. Many charities also have staff members who are very knowledgeable about charitable giving options and they can be a great place to start your research.

Several charities will recognize a volunteer who has made plans for the charity in his or her estate plan while the volunteer is still alive. It is the charity’s special way to say thank you for thinking of it and wanting to continue to make a difference on its behalf after you have gone.

  • Why Choose
    Our Firm?

    We limit the number of clients that we have at one time, allowing us to focus on your case.

    Personalized Representation
  • Know the
    Benefits

    Find out if you and your family can benefit from our elder law planning services!

    More Information
  • Dedicated & Experienced

    Our firm exclusively handles elder law concerns so your family can obtain peace of mind.

    Meet Your Attorney
  • Complimentary Consultation

    Let us help. Request your consultation today and we will be in touch.

    Contact Us Now

Contact Us

Edwards Elder Law, P.A.
St. Petersburg Elder Law Attorney
Located at: 2510 1st Ave. N.,
St. Petersburg, FL 33713
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Phone: (727) 755-5808
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Disclaimer

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.