Law Office of Barbara J. Dibble
Call Us Today 714-515-5126
Menu Contact

Why establish a charitable trust?

When many people think about establishing a charitable trust, it seems like the kind of thing that only the super-rich do, and even then, mostly for the tax advantages. It is true that charitable trusts offer significant tax advantages. However, they are not only a tool for those with a considerable amount of money. In fact, even moderately sized estates may benefit considerably from using a charitable trust as part of an estate plan.

Charitable trusts create both direct and indirect value in your estate plan. For instance, it is possible to receive some income from the trust, which is not taxed like traditional income. In most cases, this payout is either a fixed amount that the trust pays you at regular intervals, or a percentage of the trust itself.

Charitable trusts also offer a way to sell certain kinds of property without incurring taxes. If you have a piece of property that increase in value, you may place it in the trust and sell it, typically avoiding capital gains taxes. For many people, this itself is enough reason to establish a charitable trust.

Beyond these very practical advantages, charitable trusts offer you an opportunity to infuse your estate plan with dignity and purpose beyond simply stockpiling resources. After all, if your resources aren't working toward something, then they only sit still and accrue value without direction. Make sure to consider what a charitable trust can do for you and your estate plan as you and your California estate planning attorney work to create the legacy you wish to leave.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Schedule a consultation with an attorney

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:
1235 N. Harbor Boulevard
Suite 200
Fullerton, CA 92832

Phone: 714-515-5126
Fax: 714-871-5620
Map & Directions

Phone Numbers: