Advanced Estate Planning

Charitable Trusts

Many of our clients have charitable goals. We can explore a diverse array of techniques tailored specifically to achieve those goals, while doing so in as tax-favored a manner as possible. Such techniques include, but are not limited to:

• Charitable remainder trusts (CRT; CRUT) – inter vivos or testamentary

• Charitable lead trusts (CLT; CLAT) – inter vivos or testamentary (TCLAT or Super TCLAT)

• Gifts of artwork and other tangible personal property

We also have a unique planning strategy for business owners through the use of identified intellectual property, separately owned by your own intellectual property company (the IP-LLC) and licensed to your widget business. The IP-LLC is in partnership with a Donor advised fund. The implications of such a strategy are boundless. For further information, see our Intellectual Property practice area.

501(c)(3) Law

Many of our clients wish to commit their time and expertise to helping the community or championing a cause for which they are impassioned. A tax-exempt organization is the best solution for such. Whether you wish to provide grants or scholarships, gifts to numerous local charities, or help a challenged subsection of the society, there are solutions available.

We can assist you in forming your own Private Foundation, often with the goal of multi-generational philanthropy, a Private Operating Foundation with the deductibility of a public charity, or a public charity itself which will receive donations from members of the public who share your vision and goals. We have experience forming, advising, and dissolving nonprofit organizations, and can assist you in the process of obtaining both Federal and State tax exempt status.

We are experiencing a change in the values of society, with a rise of responsibility not just to the profit motive but also for the care and welfare of employees, suppliers, the community and the environment. This has given birth to the for-profit/nonprofit hybrid, championing the cause of social enterprise. A well-formed hybrid can take advantage of both private and tax exempt capital injection, with varying levels of transparency and accountability to suit your goals.