Articles about Update a Trust
I want to modify my estate plan in order to make a gift to charity. What should I do next?
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Charitable Donation Overview
Consider Naming a Trust a Beneficiary of a Retirement Plan When Making Charitable Gifts
Donations to charity are a commendable way to incorporate giving into your overall estate plan. While you may not have had the ability or desire to make such a donation when first creating your plan, times may have changed, improving your ability to support the charity of your choice. Fortunately, most estate plans can be modified to accomplish this goal. If you would like to modify an estate plan in Orange County in order to make a charitable donation, consider taking the following actions:
Contact an experienced Orange County trust lawyer for guidance.
Obtain copies of all existing estate planning documents.
Gather the name of the charitable organization to which you wish to donate. Include the address and other contact information if possible.
Consider naming a backup charity if for some reason the charity of your choice is no longer in existence at the time of your passing.
Document whether you would like to change any of your currently existing beneficiaries or the amount of property they stand to receive.
Consider the amount that you want to leave the charity.
Determine whether your spouse wants to make a matching contribution, a contribution to a different charity of her choice, or no charitable donation at all.
Laws surrounding charitable donations, estate plans, and taxes are complex and require the knowledge of an experienced professional. Fortunately, our office is here to help. To learn more about modifying an estate plan or charitable giving, contact an experienced Orange County trust attorney at the Law Office of James F. Roberts & Associates, APC, today. Call our office at (714) 282-7488 for a consultation.
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For the new parent contacting an estate lawyer to discuss your will and estate plan is probably the very last thing that you want to do. Read More Here.
Will adding a joint tenant to the title of real property cause reassessment of property taxes?
Just adding a joint tenant to the title is not usually enough to keep from needing an estate plan. If you want to ensure that your wishes are carried out, then put an estate plan into place.
Keep Your Power of Attorney Current to Ensure it Works When You Need it
Keeping your power of attorney updated will help protect you when you need it. If you are unsure when you last updated your Power of Attorney call us and we can help you get up to date!
Consider Using A QDOT If You Have A Non-Citizen Spouse
Have a Non-U.S. Citizen Spouse? Consider Using a QDOT. We are here to help. Please feel free contact us today at (714) 282-7488