Many people have come to understand the benefits of setting up a trust. Of course, there are those who are unfamiliar with what this can do for them. And here is why: They don’t know the ins and outs of the many types of trust.
A charitable trust, for example, could be just what you need from an estate planning perspective. As the name suggests, this allows you to give something to charity upon passing away. This doesn’t mean you have to give everything to charity. And it doesn’t mean that you won’t have anything to leave your loved ones. It simply means that you want to bless your charity with a gift.
Here are some of the questions to answer if you think a charitable trust is right for you:
— What legacy do you want to leave behind?
— Do you want to leave money to one charity or multiple charities?
— What values do you want to pass down to the next generation?
A charitable trust is one of the best estate planning tools, as it gives you the chance to give back to an organization that you care about.
Do you have questions about setting up a charitable trust? Do you need help getting started? Are you hoping to avoid common mistakes?
If you find yourself searching for answers, don’t hesitate to review our website and blog. Along with this, you can contact us online or via phone to setup a consultation. From there, you are in position to ask questions and collect more information regarding this type of trust.