There are those of us who would like to shape a lasting legacy rather than just leaving behind instructions for the distribution of assets to our loved ones. Along these lines there are a lot of things to consider, and it all revolves around how you’d like to be remembered and what sort of impact you may want to have after your passing.
A lot of people choose to engage in philanthropic efforts that will carry their names on into the future and this is something that can be very rewarding as one of your final acts.
Depending on the specific nature of your unique situation there are multiple different ways to contribute to charities and some of them provide the added advantage of tax benefits. Aside from charitable family foundations donor advised funds are an option that have become very popular because of the fact that they allow for efficient giving without a lot of overhead.
Some people choose to do things for the community in a more direct way such as providing the funding for projects like the building of a playground or football field. Others will provide educational opportunities, and establishing a commemorative scholarship would be one way to do this.
If you put your mind to it you could probably come up with a number of different additions to this brief list of possibilities. Should you be interested in implementing these types of ideas into a comprehensive estate plan, simply pick up the phone and contact an experienced Nassau County legacy planning lawyer to arrange for an informative consultation.
Latest posts by Saul Kobrick (see all)
- New Tax Law May Affect State Income Tax, Too! - February 20, 2018
- Planning for Retirement Plans and IRAs: Asset Protection - February 15, 2018
- Sager Family Shows Perils of Blended Families - February 13, 2018