Incorporating charitable giving into your estate plan is a meaningful way to leave a lasting impact while ensuring your legacy aligns with your values. Here are five simple yet effective ways to update your estate plan to include charitable contributions.
- Update beneficiary designations for retirement plans and life insurance.
- Update estate planning documents (Will, Revocable Living Trust) to provide for a charity through a specific bequest of a certain amount, a percentage of the residuary, or a contingent beneficiary.
- Commit to a capital campaign and fulfill it during life and/or at death.
- Create a charitable remainder trust during life or at death.
- Form a foundation to support a charitable mission during life or at death.
Whether you want to make a direct bequest, establish a charitable trust, or support a cause through a foundation, there are many ways to integrate philanthropy into your estate plan. Our team is here to help you navigate the options and create a plan that reflects your wishes.
Need help? Contact any member of Ryan Swanson’s Estate Planning & Probate Team.
