Many men and women work hard throughout their lifetime. They build up wealth and assets. And, when the time comes for them to make key decisions about what will happen with those assets after their death, they may have very specific goals.
If you are considering leaving behind assets of any time, including investments and cash gifts, it is always beneficial to work with an estate planning attorney to help you. Our Delaware County and Chester County, PA law firm has the resources to help you.
How to Make Your Wishes Known
There are a variety of ways to make decisions about the gifts you wish to make. It is important to consider the benefit of doing this in a trust, for example, to minimize some of the costs associated with the probate system. However, gift planning and charitable bequests are steps you can take now through legally binding contracts. These will remain in place after you die. Only you can change them if you are the sole owner of the assets.
When you meet with our estate planning legal team, we can discuss a variety of ways for you to reduce your risk of taxation limiting your contributions. We can also work with your accountant to get the best possible tax advantages for you now for these types of donations. You’ve worked too hard to see the government take all of your assets.
How to Get Started
The first step you need to take is to schedule a consultation with our legal team. Our Chester County and Delaware County, PA law services provide for all of your needs in creating an estate plan. Your estate plan can include any of the charitable donations you plan to make. We can revise it for you at any time. Call us today for an appointment.