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Strategic Tax Advisers and Estate Planners

Charitable Planning

Charitable planning marries a generous disposition with sound estate and tax planning, and serves as the bedrock for many estate plans. Whether a client’s motivation stems from potential tax savings or a personal commitment to philanthropy, Lawrence Kamin attorneys offer substantial experience and guidance in establishing a plan that fully meets our clients’ charitable objectives.

Building a charitable legacy often requires more than merely identifying the organizations to which a family wishes to donate or the size of the bequest. Meaningful charitable plans require the creation of tools to properly direct an intended legacy—a simple donation or donor-advised fund may not be enough. Accordingly, Lawrence Kamin tax and estate planning attorneys employ a number of instruments and vehicles to help a client effectively accomplish his or her philanthropic intent, including:

  • Charitable lead or remainder trusts
  • Testamentary charitable trusts
  • Private foundations
  • Private operating foundations, and
  • Donor-advised funds

Our attorneys regularly work with clients to build an entity from the ground up, determining charitable goals and the best vehicle to accomplish them. We assist clients with identifying and selecting permissible public charities to which charitable grants might be made, as well as the paperwork required to properly select and document such grants. We have successfully established organizations to support sustained family giving for generations, which may include broad-based donations or highly-focused giving, such as scholarship programs or the establishment of a museum.

Once a charitable organization has been formed, our firm continues to partner with the client to create processes for administering the organization in compliance with state and federal law. This assistance may include applying for federal and state charitable registrations and the preparation and filing of applicable federal and state tax returns. It may also involve preparation of trust and corporate documentation, including periodic or annual reports, required to maintain proper books and records under state and federal law. Our experienced team also can guide a client through a broad range of federal or state audit issues that may arise with respect to the organization.

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† Select attorneys have received this recognition