Another important aspect of estate planning is using that plan creates a legacy by benefitting charitable organizations and educational institutions. High wealth clients can reap significant tax benefits from setting up charitable lead trusts or charitable remainder trusts, but even a revocable living trust can include beneficiary designations to ensure that trusts assets can be used to benefit those non-profit organizations of your choosing.
Here is a list of charitable organizations to consider as potential beneficiaries to your estate plan:
American Cancer Society
American Diabetes Association
American Red Cross
Boy Scouts of America
Doctors Without Borders
Girl Scouts USA
Guide Dog Foundation for the Blind
Make a Wish Foundation of America
Wildlife Conservation Society
Wilson Disease Association
In addition, the American Institute of Philanthropy provides information about charitable organizations.