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Charitable Planning Attorney in New York

We Can Help You Plan for the Future

Charitable planning is an important issue to consider in regard to life care planning. You may have certain contributions that you would like to make for personal reasons and may also wish to reduce potential taxes on your estate. Properly executed charitable planning can have numerous benefits for you and your family. To discuss your options in this regard, talk to us at Melnik Law Group, PLLC We help clients in Brooklyn, Manhattan and throughout all of New York City in all different financial, legal and healthcare-related issues that pertain to life care and retirement planning. Because we have experience in all issues of this kind, we can take a multi-level approach that truly helps you reach your goals while providing for a more secure future.

A charitable giving plan may enable a donor to direct his or her assets to a favorite charity that would otherwise go to the IRS. Two primary ways to carry out charitable planning are Charitable Remainder Trusts and Charitable Lead Trusts. An elder law lawyer at our New York office can assist you in either of these, helping you get information about the particular advantages of each and how they may affect your estate.

Types of Charitable Planning Trusts

A Charitable Remainder Trust may enable you to transfer and liquidate assets with no tax consequences and receive a charitable tax deduction against your current income, all while still receiving benefits from your assets for the rest of your life. Upon your passing, the remainder of the trust would be passed to the charity of your choice.

A Charitable Lead Trust provides a specific amount of income to a preferred charity for a certain length of time. At the end of the term, the remaining balance is paid to your family. This acts as a gift-discounting technique that permits you to gift a certain amount of money to family members with the IRS viewing the gift as less than you actually gave (due to charitable contributions). Need a lawyer for a charitable planning case in New York? Contact Attorney Melnik at our offices to talk about how we can help you create a charitable giving plan that suits your unique needs and wishes.

Rockefeller Center 7th Floor 1230 Ave. of the Americas New York, NY 10020

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation it is Attorney Advertising. Prior results do not guarantee a similar outcome. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.
Melnik Law Group, PLLC - New York Elder Law Attorney
Located at One Rockefeller Plaza, 10th Floor New York, NY 10020 . View Map
Phone: (800) 517-5110