Charitable planning allows you to make a meaningful impact on causes you care about while also achieving financial and tax benefits. At LMB Partners, we specialize in charitable planning, helping you design strategies that align with your philanthropic goals and maximize the benefits for both you and the charities you support. Our experienced attorneys are dedicated to crafting tailored solutions that reflect your values and optimize your charitable contributions.

Our Services

Charitable Gift Planning

Effective charitable gift planning can enhance your philanthropic efforts while providing tax advantages. We offer:

• Gift Structuring: Assisting with the design and implementation of charitable gifts, including outright gifts, pledges, and donations of specific assets.

• Charitable Remainder Trusts (CRTs): Establishing CRTs to provide you with income during your lifetime, with the remainder going to charity after your passing.

• Charitable Lead Trusts (CLTs): Creating CLTs to provide      charitable organizations with income for a specified period, with the remainder going to your beneficiaries.

Tax Benefits and Strategies

Utilizing charitable planning can offer significant tax benefits. Our services include:

• Tax Deduction Analysis: Evaluating and maximizing the potential tax deductions associated with charitable contributions.

• Gift Tax and Estate Tax Planning: Implementing strategies to reduce gift and estate taxes through charitable contributions and planning.

• Appraisal and Valuation: Assisting with the appraisal and valuation of donated assets, such as real estate, artwork, or closely held business interests.

Establishing Charitable Entities

Creating and managing charitable entities can enhance your philanthropic efforts. We assist with:

• Charitable Foundations: Establishing private or family foundations to support ongoing charitable activities and ensure your legacy.

• Donor-Advised Funds (DAFs): Setting up DAFs to provide you with flexibility in making charitable contributions while managing and growing your charitable assets.

• Nonprofit Organizations: Assisting with the formation and governance of nonprofit organizations to support specific charitable missions.

Legacy and Planned Giving

Planning for charitable giving as part of your estate plan ensures that your philanthropic goals are achieved even after your passing. We provide:

• Bequests and Beneficiary Designations: Incorporating charitable bequests into your will or estate plan and designating charities as beneficiaries of retirement accounts or life insurance policies.

• Endowments and Funds: Creating endowments or donor-advised funds to provide ongoing support to your chosen causes and organizations.

• Legacy Planning: Developing strategies to incorporate charitable giving into your overall legacy plan, ensuring that your values and charitable intentions are honored.

Charitable Planning for Business Owners

For business owners, charitable planning can be integrated into business succession and estate plans. Our services include:

• Business Succession Planning: Incorporating charitable giving into business succession plans to support charitable causes while addressing tax implications.

• Charitable Stock Gifts: Assisting with the donation of appreciated stock or other business interests to charity, providing tax benefits while supporting your chosen causes.

• Corporate Giving Programs: Developing corporate philanthropy programs to enhance your business’s charitable impact and align with your corporate values.

Why Choose Us?

• Expertise and Experience: Our attorneys have extensive experience in charitable planning, providing strategic advice and solutions to meet your philanthropic goals.

• Personalized Solutions: We work closely with you to understand your charitable objectives and develop customized plans that align with your values and financial situation.

• Comprehensive Support: From structuring gifts to establishing charitable entities, we offer full-service support for all aspects of charitable planning.

• Client-Centered Approach: We prioritize clear communication, responsive support, and dedicated representation to ensure your charitable planning needs are met effectively.

Contact Us

For expert assistance with charitable planning, LMB Partners is here to help. Contact us today to schedule a consultation and learn how we can support you in achieving your philanthropic goals while maximizing tax benefits and creating a lasting impact.