End-of-Year Charitable Planning

Posted on the behalf of Robert Turner,

Robert TurnerThe end of the 2019 tax year is just around the corner, so now is the time to complete any last-minute charitable giving to offset your tax burden. End-of-year charitable planning includes a review of the year’s financial status and possible tax burdens, and how you can mitigate high tax rates. Turner Law, LLC can provide knowledgeable, experienced advice and options to help you with end-of-year charitable planning in Decatur, Georgia.

Support for Your Favorite Causes

A great way to leverage your income and assets for the future is through a charitable trust. A charitable trust is an irrevocable trust that provides resources for a charitable cause while also providing you tax advantages and income. Experienced Estate Planning Attorney Robert Turner has the legal and technical background you need for high-level asset-protection and wise tax-planning. Together, you can ensure both you and your favorite organization gets the maximum possible benefit from your charitable trust.

A charitable trust is a vehicle that creates the opportunity for tax-free reinvestment and income for as long as you live, then passes on benefits to your favorite charity after you are gone. Common types of charitable trusts include:

  • Charitable remainder annuity trusts (CRATs)
  • Charitable remainder unitrusts (CRUTs)

Georgia Attorney Robert Turner of Turner Law, LLC can explain the unique benefits and best uses of each in a confidential consultation.

Savings for Your Pocket

Charitable trusts enable you to realize a significant tax savings through reinvestment that legally shields funds from taxation, reducing your possible tax burden while creating a revenue stream for you and your family. And, your favorite causes still receive funding to continue their important work. Attorney Robert Turner holds an MBA and an LL.M in Taxation in addition to his professional law degree. He possesses the knowledge and skills to provide superior tax guidance as well as legal services.

Before January 2020 rolls around, schedule a private consultation with Robert Turner to discuss charitable giving and taxation, and how end-of-year charitable planning could bring you significant benefits.

Posted on behalf of Turner Law, LLC