How Can I Balance My Charitable Goals with My Family Responsibilities?
I frequently hear this question – and the answer may be that you can have it all, just not all at the same time.
What may seem to be competing interests can often be solved with a trust that arranges for your property to first be used to support your loved ones and then later to advance the mission of your favorite charitable interests.
The story of the Abrecht sisters is a perfect example of balancing family responsibilities and charitable goals.
A good estate planning lawyer can draft a trust document that instructs the trust manager (the trustee) to provide income payments to your loved ones for life. When the trust ends, the remaining assets become a gift to one or more charitable interests of your choosing.
Learn more about this and other planning ideas by giving me a call or checking out our website.
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