Establish A Legacy Through Charitable Planning
Many people in Chicago and throughout Illinois selflessly and generously give to charities throughout their lives. A well-crafted estate plan may allow you to continue making charitable donations beyond your lifetime.
The estate planning lawyers of Monahan Law Group, LLC, have extensive experience helping individuals establish legacies through charitable planning. We will listen carefully to your goals and assist you in crafting a plan that achieves them.
Everyone Benefits From Charitable Giving
When done correctly, leaving wealth or property to a charity is beneficial not only to the organization, but also to you. The Internal Revenue Service awards tax breaks for certain types of charitable donations. Depending on your priorities and your estate, there are several ways to effectively give to charity during and after your lifetime. Our attorneys can explain your charitable planning options, including:
- Charitable remainder trusts
- Charitable lead trusts
- Private or family foundations
- Charitable gift annuities
- Donor-advised funds
- Charitable life estates
Proper estate planning can maximize your charitable giving. We will make sure you understand your options and guide you through the process of executing the solution that makes sense for you.