Estate planning laws allow for individuals to donate part or some of an individual’s estate to charity. There are many different reasons why an individual might choose to donate to a charity upon his or her death. For example, in certain situations there may be no family members to inherit an estate’s assets, or the individual may feel a particular commitment to pass on assets to a charity. Having a plan in place can allow the charity to get the most possible benefit.
The bottom line is that this boils down to what is most important for the person engaging in the estate planning process. When thinking about passing on your assets to charity, it is important to set up a meeting with an experienced estate planning attorney.
An estate planning attorney can walk you through all of the potential options for passing on an estate to a charity as well as what makes the most sense both for you and for the charity from the perspective of taxes or maximum assets left behind.
Planning to pass things on to a charity can be simple or complex but it should always be aligned with your individual goals and done under the guidance of a knowledgeable estate planning attorney. A Massachusetts estate planning lawyer can help you figure out your next steps so that you can carry out your goals for charitable giving and do this in the most effective way.