Charitable Planning

Our attorneys help our clients provide charitable gifts to achieve important estate, gift, and income tax financial objectives.

Many of our clients have deeply-held convictions and desires regarding charitable giving, and wish to make impactful gifts to charitable organizations– either during lifetime or upon death. Additionally, if structured properly, these same charitable gifts may achieve important estate, gift, and income tax financial objectives.

Our work in helping our clients to accomplish their important charitable and tax-related objectives include:

  • The creation of charitable trusts, including charitable remainder trusts (“CRTs”) and charitable lead trusts (“CLTs”)
  • The targeted use of charitable lead trusts for estate tax planning purposes, including testamentary charitable lead trusts (“T-CLATs”)
  • Establishing and maintaining private family foundations
    • Creation of the non-profit corporation and necessary filings with the state Secretary of State
    • Registration and filing with the State Attorney General’s Office
    • Preparation of necessary documentation for registration with the IRS for 501(c)(3) tax-exempt status
    • Assistance and coordination with filing annual IRS Form 990-PF, tax return for a private foundation
  • Integrating the use of donor advised funds (“DAFs”) into your estate plan
  • Coordinating charitable objectives with qualified retirement accounts, such as IRA, 401(k), and 403(b) accounts

Chan PLLC Law is the first step toward accomplishing your charitable and tax-related objectives.  Contact us for a complimentary consultation.