The Potential Advantages Of Charitable Giving
Do you see your estate plan as part of your legacy? It’s a chance for you to have an impact on future generations. Maybe there are certain causes that you want to support or areas where you know your money can do a lot of good. You’re looking to incorporate charitable giving into your estate plan so that you can transfer at least a portion of your assets to different nonprofit organizations or other charities in Nevada.
The attorneys at Kerr Simpson Attorneys at Law have decades of combined experience. The founding attorney has more than 30 years of experience himself. They can provide valuable insights and help you explore all of your options. With that experience, they are well-positioned to help you create a plan that will work for you, your goals and the positive changes you want to create in the world. Contact the firm for a free consultation to find out how.
What Are The Financial Benefits Of Charitable Giving?
In addition to knowing that you are doing well with your money, there are some financial advantages that come along with charitable giving. These could include:
- Decreasing the amount of estate taxes that are owed
- Increasing savings on capital gains taxes
- Utilizing income tax deductions
These are common reasons why wealthy individuals and business owners often consider charitable giving. You may know that the value of your estate has crossed a threshold, meaning you will owe a significant amount in taxes. But if you reduce your estate through charitable giving, you can also reduce that tax burden. More of your money either goes to your family or to these charities. An experienced lawyer will help you decide which specific tactics will work best in your unique situation.
Set Up A Consultation Today
If you want to learn more about your options, Kerr Simpson Attorneys at Law offers free consultations. Just call 702-608-0835 or get in touch online today. The firm looks forward to meeting with you to discuss your estate plan.