Planting & Cultivating Your Charitable Planning
Spring is finally here and the weather is getting warmer – time for spring clean-up and planting season! It seems that planting a flower garden involves certain steps that are analogous to charitable planning.
First, you gather the best soil. After that, you should probably scout the right location, decide on your flowers, and then finally pick the right time for planting…usually in the nice sunny weather!
The same approach can be applied to charitable planning.
- Soil – what kind of legacy do you hope to leave? This is the soil for your charitable flowerbed.
- Location – this is how you achieve your goals by determining the proper charitable vehicle.
- Flowers – these are the various benefits you hope to achieve from your charitable gift.
- Timing – when should your gift materialize? During life or after your death?
Check out the chart here to assist you in cultivating your perfect charitable garden. Happy planting!
This post was written by Karen Schlotthauer, an attorney in our Trusts & Estatespractice group. If you have questions about estate planning, Karen can be reached at email@example.com or (952) 995-9500.