
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.