Charitable Giving

When should you make the charitable donation: when you are alive or at your death? Putting aside personal considerations and viewing it solely from a tax point of view, your decision should be made on the basis of whether you want to save income taxes or estate taxes. If you give during your lifetime you will save on the former; giving at your death saves on the latter. But sometimes it is possible to arrange matters so that you get both income and estate tax deductions for the same gift. We can show you how this form of financial planning works.