Charitable Planning Provisions

What is it?

Charitable provisions allow for tax-deductible gifts to qualified charities, either during life or at death. These can include outright gifts, charitable remainder trusts, or charitable lead trusts.

Why is it important?

Charitable giving can reduce estate taxes, provide income tax deductions, and create a lasting legacy. Properly structured charitable provisions maximize both the benefit to charity and tax savings to the estate.

Example Language

The Trustee may distribute to qualified charitable organizations as defined in IRC Section 501(c)(3), and such distributions shall be made in a manner that qualifies for applicable estate and income tax charitable deductions.