Do you have a favorite charity?

Making charitable donations has long been a staple of gift and estate tax planning for high-net-worth individuals. In addition to the satisfaction and joy of giving back to the community or supporting a worthy cause, the ability to reduce income taxes, lower the cost of lifetime transfers, and minimize estate taxes are all very appealing.

Most of us realize the IRS provides a federal tax deduction for qualified donations, however, with astute planning, let Ancala Wealth Management help you explore the advantages of creating a charitable giving plan:

• Donor-advised funds
• A charitable remainder trust or charitable gift annuity
• Charitable lead trust, or
• Setting up a private family foundation

Contact us if we can help to provide you with any further information.