Charitable Trusts Lawyers in Centennial
At Skipton Law, LLC, we understand the importance of giving back to the community. Charitable trusts are an excellent way to do just that. A charitable trust is a trust set up to benefit a charitable organization or cause. If you’re interested in establishing a charitable trust, our experienced estate and probate attorneys can help.
Why Set Up a Charitable Trust?
There are many reasons why people choose to set up charitable trusts. Some people want to give back to their community or support a cause that’s important to them. Others want to reduce their taxes or establish a legacy for themselves or their family.
Whatever your reason for setting up a charitable trust, our Centennial charitable trust attorneys can help. We’ll work with you to understand your goals and create a trust that meets your needs.
We encourage you to download our complimentary estate planning booklet. When you are ready to start discussing your options with a skilled charitable trust lawyer, call (720) 770-3880 or contact us online.
Types of Charitable Trusts
There are two main types of charitable trusts: charitable lead trusts and charitable remainder trusts.
A charitable lead trust is a trust in which the charity receives the income from the trust for a specified period of time. After that period of time ends, the remaining assets in the trust go to the beneficiaries.
A charitable remainder trust is a trust in which the beneficiaries receive the income from the trust for a specified period of time. After that period of time ends, the remaining assets in the trust go to the charity.
Our attorneys can help you determine which type of charitable trust is best for your situation.
Benefits of Charitable Trusts
There are many benefits to setting up a charitable trust. These include:
- Reducing your taxes: Charitable trusts can help you reduce your estate and income taxes.
- Giving back to the community: Charitable trusts allow you to support causes that are important to you.
- Establishing a legacy: Charitable trusts can help you leave a lasting impact on the world.
- Providing for your family: Charitable trusts can provide income for your family members while also supporting a charitable cause.
Contact Our Centennial Charitable Trust Lawyers
If you’re interested in setting up a charitable trust, contact Skipton Law, LLC today. Our experienced estate and probate attorneys can help you create a trust that meets your needs and achieves your goals. We serve Centennial, CO, and the surrounding areas.
When you are ready to start discussing your estate planning options with a skilled charitable trust lawyer, call (720) 770-3880 or contact us online.
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