Charitable Trusts

Brandon Family Law Center, LLC, strives to meet your estate planning goals. One of your particular goals may concern distributing money to a charity of your choice. A charitable trust is just one of the tools we use to help you carry out your wishes regarding your estate.

WHAT IS A CHARITABLE TRUST?

The intent of creating a charitable trust is to benefit a specific charity or charities. If constructed correctly, charitable trusts can reduce the estate tax and other taxes your heirs would otherwise have to pay. It allows for liquidation of certain assets and the placing of proceeds into the trust without the requirement of having to pay these taxes.

THE KINDS OF CHARITABLE TRUSTS WE CAN CREATE FOR YOU

Our attorneys can create for you:

  • Charitable remainder trusts: This is a trust that will provide a guaranteed income to the beneficiary for life, with the remainder designated for a particular charity. When a specified period ends or the beneficiaries pass away, a charity received whatever is left.
  • Charitable remainder annuity trusts: A charitable remainder annuity trust is one in which the grantor of the trust retains an interest in the trust, in the form of an annuity, with the remainder being paid to charity upon termination of the trust.
  • Charitable lead trusts: This is a trust made in favor of a charity, allowing that charity to receive the income from the trust for a certain period of years. When that period ends, what remains in the trust reverts to your estate.

At Brandon Law Center, LLC, our lawyers offer over three decades of experience in creating such trusts for Florida residents. Our services allow for you to make charitable contributions while at the same time reducing estate taxes.

The decision to create a charitable trust should never be made lightly, however. Such instruments are often irrevocable and not generally subject to change after creation of the trust has taken place. We discuss with you your goals and wishes regarding the distribution of your estate after you pass away. Our lawyers explain in detail the estate planning options you have available. Specifically, we will discuss whether creation of a charitable trust would be advisable after considering all of your circumstances.

CONTACT OUR LAW FIRM TODAY

No one should leave their long-term financial goals to chance. Should you die without a valid plan in place, your assets face depletion through taxation and expenses. Contact our firm to arrange for a consultation by calling Brandon Family Law Center at 813-653-1744 .

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  • This law firm is great! Everyone is friendly and helpful. Karen is awesome at staying on top of things. Unlike many law firms that don't call you back, this law firm makes sure that communication is their standard. I have had the pleasure of using Karen's, and Mary's services. All are very professional, kind, knowledable, and I've had nothing but pleasant experiences with this firm. I have recommended them to others and will continue to recommend their services.
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  • We used Brandon Family Law Center for on two occasions, a guardianship and an adoption. In both cases the staff was professional and attentive to our inquiries and requests. We will definitely use this law firm for our legal needs, in the future.
    K. O’Rourke

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    Contact Us For A Consultation

    No matter what your family's need is, Brandon Family Law Center has the knowledge and experience to help you. To schedule an initial consultation to discuss your case with the experienced and caring divorce and family lawyers at Brandon Family Law Center.
    Call us at 813-653-1744 .