Discover the power of leaving a legacy that spans beyond lifetimes. Our charitable giving options provide an opportunity to make a substantial impact on the causes that matter to you most. Consider these impactful strategies:

• Specific Bequest: Choose to dedicate a specific amount to your favorite charity through a living trust or a will. These donations are prioritized, ensuring that your chosen charity receives the full amount intended, making a difference where you desire.
• Residual Impact: Opt for a residuary distribution where a percentage of your estate is earmarked for charity, empowering you to contribute to change in a meaningful way.
• Smart Giving with “Santa Clause”: Utilize the unique approach of a “Santa Clause,” also known as a disclaimer to charity in your estate. This savvy planning can help your heirs by potentially reducing estate tax burdens—particularly beneficial in states like New York where the state exemption laws create a steep estate tax “cliff.”
• Retirement Account Contributions: Take advantage of the ability to distribute up to
• $100,000 from your retirement account to charity during your lifetime. This philanthropic gesture could simultaneously satisfy your minimum distribution requirements and provide an income tax benefit to you. Upon your passing, gifting retirement accounts to charity can mitigate the tax burden on individuals, directing more funds to charitable endeavors.

For guidance on creating a legacy that reflects your generosity and vision for a better world, please consult with your estate planning attorney, financial planner, or accountant. Your meaningful contributions can achieve transformational progress for the charitable causes you are passionate about.