Law Offices of Frye & Vazquez, P.L.
Call Today. 305-508-5749 | 877-421-5473

Options for charitable giving in an estate plan

Charitable giving may be of interest to people in Florida who are creating estate plans. It could reflect a person's commitment to a particular cause, but it can also help reduce estate taxes.

There are several ways to include a charity as part of an estate plan. One method is to include it in the will. Another approach is to make the charity the beneficiary on a retirement plan. Charities are not required to pay income or estate tax, so they would be able to take possession of the full amount.

Some people might want to consider creating a charitable trust. There are a number of different ways to structure a trust for charitable giving. For example, a person who wishes to remain in control of the trust might want a split-interest trust. This provides certain benefits, such as giving the person a tax deduction each time money is transferred into the trust, but it still provides a donation to charity after the person's death. Someone who is considering creating a charitable trust or donating to charity in another way as part of an estate plan may want to consult a lawyer.

An attorney may assist with other elements of the estate plan as well. For example, a person might want to establish a trust for a relative who has special needs. Since owning significant assets can affect an individual's eligibility for some benefits, a trust can be a way to support a person by paying for rent or other needs without hurting that qualification. Trusts have a number of other uses as well. They can be used to protect assets from creditors or control how those assets are distributed to beneficiaries. In the latter case, when distributions are made can be up to a trustee, or they can be tied to certain milestones.

No Comments

Leave a comment
Comment Information

What Our Clients Are Saying

  • I have known and worked with Austin Frye and his team since 2008. In that time he has helped serve both my business and personal legal planning needs. From guidance on reviewing and keeping shareholder and state documentation up to date... - Robert
  • It is difficult enough to cope with the emotional challenges of closing a parent's estate, and when you are also faced with the issue of your parents having insufficient documentation, and being remote from your siblings… - Zara L.
  • Austin Frye provided legal services to my father while alive and to his estate after his death; when showing the EP docs his firm prepared to other professionals (lawyers, financial advisors, accountants)… - Mark S
  • I've been a client of Austin Frye's for over 10 years. In that time, he's handled my estate/trust planning and asset protection as well as complicated business deals. - Leslie
  • Mr. Frye recently set up a complicated special needs trust for my son and, as usual, did a great job explaining it and in putting our minds at ease about our son's future well-being. - Dr. Howard
  • Massachusetts Bar Association
  • The Florida Bar 1950
  • CFP
  • Florida Bar Elder Law Member
  • Academy Of Florida Elder Law Attorneys
  • Florida bar Business law Member
  • NAELA National Academy of Elder Law Attorneys, Inc.
Email Us For a Response

Contact Us For Personal Attention To Your Legal Matter

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Office Location

Get In Touch With Us
20900 W. Dixie Highway
Miami, FL 33180

Toll Free: 877-421-5473
Phone: 305-508-5749
Map & Directions