Charitable Trusts
At Crain & Wooley, we understand the importance of giving back to the community and leaving a lasting impact. Our estate and probate attorneys specialize in creating and managing charitable trusts that align with your philanthropic goals.
What is a Charitable Trust?
A charitable trust is a legal arrangement that allows individuals or organizations to donate assets to a charitable cause while receiving certain tax benefits. By establishing a charitable trust, you can support causes that are close to your heart and ensure that your assets are used for the greater good.
Types of Charitable Trusts
Our experienced attorneys can help you navigate the different types of charitable trusts and determine which one best suits your needs:
- Charitable Remainder Trusts: This type of trust allows you to provide income to yourself or your designated beneficiaries for a certain period, after which the remaining assets are donated to the chosen charitable organization.
- Charitable Lead Trusts: With a charitable lead trust, you can donate a portion of your assets to a charitable organization for a specific period, and then have the remaining assets transferred to your designated beneficiaries.
- Pooled Income Funds: Pooled income funds allow multiple donors to pool their assets, receive income from the fund, and have the remaining assets distributed to the chosen charities upon death.
Benefits of Establishing a Charitable Trust
Creating a charitable trust can offer several benefits:
- Tax Deductions: Depending on the type of charitable trust, you may be eligible for income tax deductions or estate tax deductions.
- Philanthropic Legacy: By establishing a charitable trust, you can leave a lasting impact on causes that matter to you and create a philanthropic legacy.
- Asset Protection: Charitable trusts can help protect your assets from creditors and potential lawsuits.
Why Choose Crain & Wooley?
Our estate and probate attorneys have extensive experience in creating and managing charitable trusts. We understand the complexities of estate planning and can guide you through the process to ensure your charitable goals are met. With our personalized approach and attention to detail, we will work closely with you to develop a charitable trust that reflects your values and priorities.
Contact us by calling (972) 945-1610 today to schedule a consultation and learn more about how we can assist you with charitable trusts.
Satisfied Clients Tell Their Stories
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"Thank you and God Bless you"
Thank you for being my Living Trust and other Estate documents attorney. Due to our move and storage of business and personal documents, we had trouble locating & we took a lot longer to respond to your drafts, etc. You were very patient with me and my needing lots of explaining of legal terms and meanings. At my age, I was concerned about getting things done but wanting it all done right. You were very prompt in responding to my questions and I think by time of signing I felt confident we had things just the way we wanted to protect my heirs. Thank you and God Bless you.
- Donna V. -
"Very much appreciated"
I am very much appreciated your service If anyone like me needed your service I will introduce about you. Everything you did with in a week. Very much satisfied all your service.- Sarah P. -
"Smooth and easy"
Learning about trusts at the meal was easy and educational. The set down at the office was where the finer points of trusts was explained. That is where and when we decided to make it safe and easy for our heirs. Our final meeting where we signed everything and an explanation of each item was given went smooth and easy. All in all I would say the investment in the trust was worth it.
Thank you to Crain & Wooley office and staff- Anonymous -
"Professional and knowledgeable"
My husband and I recently had our living trust completed through the help of Crain and Wooley. Justin and his staffs are professional and knowledgeable. A special thanks to client education specialist Stephen. He is such a nice gentleman and always answers our questions clearly and right to the point, and always ready to help by answering your concerns promptly. We will certainly refer the law firm to our families and friends!
- Susan X. -
"Excellent, Highly recommend"
We went to seminar to just find out what we needed to do for a will, They gave us all the info we needed right then there. Offered a really good price if we signed up to get one that day. A few weeks later after our appointment we have a Living trust. They were helpful with all our questions and were very thorough with these explaining the whole process. They stuck with the price that we paid + let us call anytime if we had any questions. Excellent, Highly recommend this company.
- Linda B. -
"So good to finally have a plan"
After worrying about our lack of estate planning for years, it feels so good to finally have a plan in place. Thank you for making the process relativity painless and offering the educational support we needed.
- Leslie W. -
"5 Stars"
Me and my appreciate Mr. Crosby we think that he was very professional in doing his job and we give him 5 stars when it come to him doing his Job.- James A. -
"Overall experience was seamless"
We recently had the opportunity to attend a workshop hosted by Crain & Wooley regarding wills and estate planning. Based on the information provided we decided to proceed with our estate planning with Justin and his team. The overall experience was seamless and the process was clearly communicated. We had our homework and once that was completed, several iterations later we had our final walk-through and signed estate plan. We would recommend Justin to our family and friends.
- Earl B.
Designed for Your Comfort & Convenience
Estate Planning With Us Means:
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Flat-Rate Pricing*Finally, you won’t need a lawyer to understand your legal fees. We clearly communicate our pricing structure upfront, so you can feel comfortable with our service from start to finish. No surprises, no hidden fees. *Our flat rate fees apply only to proactive planning services.
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Optional Lifetime GuaranteeWith our optional lifetime guarantee, your will and trust will be automatically updated over the years to ensure it stays current with best practices, reflects your current wishes and minimizes future confusion for your family.
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Knowledgeable ServiceLaws change all the time. We stay up to date with all the latest information so that you’re covered. No one else in the region is as dedicated or educated in this area of law. We’re the experts so you don’t have to be.
