As a Ventura County estate planning law firm specializing in charitable trusts, our firm commonly recieves questions about the details of charitable trusts. We have a team of experts with the legal knowledge to answer questions about the process of setting up a charitable trust, and what the benefits of proper estate planning can be.
Our firm can provide expert legal services as estate planning attorneys. We are a Southern California based law firm in business since 1985. We specialize in charitable trusts and estate planning matters.
To learn more about charitable trusts, or if you would like a free consultation to learn if a charitable trust is right for you, please do not hesitate to contact us at (805) 482-2282, or e-mail us.
May my heirs receive the payout after I am gone?
Yes, but it is not as advantageous. Naming your heirs to receive the payout after you are gone for their lives creates some gift tax and estate tax problems and decreases the income tax deduction.
It is generally better to protect the heirs through an Insurance Trust.
In addition, the 10 percent charitable remainder value requirement from the 1997 Tax Act may hinder forming a trust for children. Notwithstanding, we will consider all option if you have us prepare a formal plan for you.
It is our privilege to guide clients through estate planning decisions
