Charitable Planning

Leave a Legacy – We help you Support the Causes you Care About

Many families want to benefit from those causes they care about through charitable planning.  Since we are tax attorneys – active and licensed Certified Public Accountants in California and Nevada- we listen to your goals and then educate you on the numerous solutions so your goals can be accomplished the most tax efficient manner.  In other words, our experienced Las Vegas charitable planning attorneys design strategies that maximize your impact while ensuring your financial goals are met in the most tax efficient manner so more wealth is passed to your beneficiaries and not the state and federal government.

What Is Charitable Planning?

Charitable planning is the process of incorporating charitable giving right now into your life through annual donations and through your estate or business plan. It allows you to:

  • Maintain your goals to provide for individuals while supporting nonprofits, schools, or religious organizations
  • Reduces income taxes while eliminating or reducing estate and gift taxes.  
  • Provides peace through leaving a lasting family legacy. 
  • Aligns your wealth with your values that are important to you.

 

Charitable Planning Tools in Nevada

As Nevada charitable planning attorneys, there are a variety of charitable planning techniques: 

  • Gifts of Appreciated Assets allow you to transfer all appreciation and avoid capital gains tax by donating appreciated stock, appreciated real estate, or other appreciated assets.
  • Donor-Advised Funds (DAFs) can be used now to set up control over when and how funds are distributed.  
  • Charitable Remainder Trusts (CRTs) provide you income during your life and then pass the remainder onto a charity upon your death.  
  • Charitable Lead Trusts (CLTs) work well for families that already receive too much income because the trust shifts income now to charity for a number of set years and then reverts back to your heirs.    
  • Private Foundations allow a long-term philanthropic vehicle under your family’s name.

 

This obviously is not a comprehensive list, but charitable planning takes time and should be done prior to passing away to gain the greatest federal income tax benefits.  Waiting until you pass away provides very little federal income tax deductions which means we missed giving more assets to the desired charity and more went to the federal and state government.

Why Consider Charitable Planning in Nevada?

Nevada is probably the best state in the nation to create a trust for charitable giving strategies because there is no state inheritance tax and no state income tax, especially when combined with estate planning and asset protection:

  • Integration of charitable trusts with Nevada Asset Protection Trusts and Nevada Revocable Living Trusts creating a comprehensive plan. 
  • No state inheritance tax and no state income taxes. 
  • In Nevada, our trusts can live on for 365 years which integrates our dynasty trust laws and generation skipping trust laws and federal estate and gift tax exemptions.

 

Why Our Las Vegas Charitable Planning Attorneys?

  • Unlike all other Nevada attorneys – we are active and licensed Certified Public Accountants in Nevada and California with Master of Laws LLM in Tax so we have knowledge in Nevada estate and trust laws and taxes so more assets go to your beneficiaries instead of to the government.  
  • Experienced in tax and structuring your charitable goals to create tax-efficient strategies including trusts, donations, and/or through your passing. 
  • Customized plans for philanthropists, wealthy families, and business owners. 
  • Integrate your charitable giving during your life and after your passing through estate planning, business planning, and asset protection planning.  
  • With our extensive tax experience, we help clients integrate charitable giving into their estate and financial plan so more assets pass to charities and loved ones rather than the IRS.

 

Contact our Las Vegas charitable planning attorneys and CPAs now to schedule a consultation to start shifting more assets to charities instead of tax payments to the state and federal government.

Locations

Henderson Office

10424 S. Eastern Ave., Ste. 101
Henderson, NV 89052

Las Vegas Office

9030 W. Cheyenne Ave., Ste. 210
Las Vegas, NV 89129

Pahrump Office

1321 S. Hwy 160, Ste. 8A
Pahrump, NV 89048

Phone

702.465.0888

Contact Us