Spring: Let’s Plant & Cultivate Our Legacy

March 2017

I’ve never been accused of being a green thumb, but it seems to me that planning 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 spring!

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 & Estates practice group. If you have questions about estate planning, Karen can be reached at karen.schlotthauer@fmjlaw.com or (952) 995-9500.