As time passes, you may find yourself wanting to carve out provisions within your existing estate planning documents in order to donate to charity. Charitable donations allow you to support organizations that you admire, while also providing you with an opportunity for potential tax benefits. An experienced Orange County trust lawyer can help you modify your estate plan in order to accomplish these goals. The following are five examples of charitable organizations that you may have the ability to make donations to while receiving tax benefits:

  1. Churches and other religious organizations
  2. Tax-exempt organizations
  3. Tax-exempt hospitals
  4. Certain private foundations
  5. Certain membership organizations that rely on the general public for more than one-third of their contributions

Charitable giving is certainly a noble act as you plan for your passing. If one of your goals when updating your estate documents is to reduce the overall tax burden of your estate or trust, however, it is essential that you consult with an experienced legal professional for guidance. Your attorney can assist you in crafting a modified plan that supports your desired organization, while also providing tax and other benefits. 

The laws surrounding charitable giving, tax savings, and estate planning are complex. Attempting to modify an estate plan in Orange County without the guidance of a knowledgeable professional could result in unfavorable tax or other outcomes. To learn more about updating an estate plan, contact an experienced Orange County trust attorney today. Call the Law Office of James F. Roberts & Associates, APC, at (714) 459-5481 for a consultation. 

James F. Roberts
Founder and owner of the Law Office of James F. Roberts and Associates, a premiere estate planning law firm
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