For you to think that all you must do is just get a will and you’re fine is not appropriate, and it’s not estate planning.
If you have family friends that are current or former service members, you know how important it is to show them your appreciation on Veterans Day and beyond.
As of this writing, it appears that a third round of stimulus checks will be sent to eligible residents of Berks County and the rest… Read More »Have Stimulus Payments Made You Think About Your Legal Needs?
Charitable donations have the dual purpose of saving taxes and supporting valued causes. For individuals with substantial estates, this could mean hundreds of thousands of dollars in tax savings. Charitable trusts are an ideal way to accomplish this goal. The rationale for the different treatment of charitable trusts is that society wants to encourage charitable giving.
Typically, the same rules that apply to formation and governance of a private trust apply to charitable trusts. The primary differences include that charitable trusts must benefit a charitable purpose, that a charitable trust is exempt from the rule against perpetuities and is therefore easily modified, and that the state attorney, rather than ascertainable beneficiaries, is the primary party with standing to enforce a charitable trust.
Suitable charitable purposes include objectives like the relief of poverty (giving of property to help the poor), the advancement of Read More »What is charitable giving – and is it right for you?