We at Harrison & Held believe that charitable organizations play a key role in all our communities. The firm is excellently positioned to help our clients who want to do more for their favored charities than make cash gifts out of current income. Our attorneys have first-rate qualifications to provide these clients with the whole range of expertise and guidance needed in this complicated cousin of general estate planning. The firm has provided expert guidance in planning for and in creating all kinds of planned gift vehicles, including:

  • Charitable remainder trusts
  • Charitable lead trusts
  • Private foundations
  • Donor advised funds
  • Charitable bargain sales
  • Charitable gift annuities
  • Retained life estates
  • Split gifts of retirement benefit plans.

Our attorneys consult with clients on the complicated tax issues involved in these plans. Clients appreciate our practice of working closely with their accounting, investment and other advisors to analyze carefully the impact of these gifts on our clients’ financial well-being.

Most planned gift vehicles also return some financial benefit to the clients or their families, making them subject to a thicket of federal and state regulations. Our attorneys and staff promptly prepare the documents needed to create the entities under state law and obtain federal tax exemption. We also advise the managers of any new entity on the complex and detailed rules that govern various types of charities. We will also prepare (or assist the clients’ accountants in preparing) all on-going federal and state filings.

Our firm also provides existing charities with comprehensive counsel on issues involving organization and structure, compliance with state and federal law, planning, tax questions, gift acceptance policies and related matters. 

Although charitable planned giving and charitable advisor services requires mastery of  a complex area of law, it can yield immense benefits for our clients and for their favored charities when combined with the sophisticated plans developed by our attorneys.