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Charitable Giving

Another important aspect of estate planning is using that plan creates a legacy by benefiting 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
  • Autism Speaks
  • 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.

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