Charitable Planning Attorneys in Portland

Helping Clients Distribute Their Assets

Charitable donations are not only beneficial to the receiving organizations, but can also benefit the person who donates with tax incentives. Donations can be made in several different ways, ranging from one lump sum, periodic gifts, or gifts after you pass away. At Pacific Cascade Legal, our attorneys are dedicate to providing skilled legal services to all our clients.

To speak to one of our attorneys, call (503) 573-5566 today!

Ways to Incorporate Charitable Planning Into Your Finances

Each estate and financial plan is as unique as the client who requests them. Our attorneys can help you come up with the best strategy for your situation. Common ways our clients integrate charitable planning into their financial plans are:

1. Beneficiary designations on IRAs (or qualified plans): If you have no family or heirs to leave your assets to, you may choose to designate a specific charity as your beneficiary. Even if you have a primary beneficiary you can still name a charity as the second.

2. Beneficiary designations on life insurance policies: Like an IRA, if you have not named a beneficiary to your life insurance policy, you can name a charity to collect the money should anything happen to you.
3. Qualified charitable distributions: This action is a direct transfer of funds from an IRA to an established charity. Not only can you count this distribution toward your minimum for the year, it can also exclude this sum of money from your taxable income for the year.
4. Investment planning: Depending on your investment portfolio, you may benefit from re-distributing investments to charitable organizations. Our attorneys can help you determine if this course of action would be beneficial and create the most effective plan.
5. Estate planning: Depending on your current estate plan, you may be able to distribute your estate tax as a private gift to a charity, community organization, or private foundation.

Contact Our Firm Today

At Pacific Cascade Legal, our team of attorneys are dedicate to providing skilled and knowledgeable legal services to our clients. We will help you determine the best way to incorporate charitable donations to your estate plan.

Contact us online or call today at (503) 573-5566 to schedule your appointment.