Planning to exit your business in the next 5 years, own highly appreciated assets or have taxable income in excess of 1 million? We can help.
Do your giving while you’re living, so you’re knowing where it’s going.
– Andrew Carnegie
At Bridge, we believe that family comes first and giving back to our community and the world at large second. That’s why so many of our solutions involve charitable giving strategies. When implemented properly you control how your tax dollars are spent, not the government.
Let us show you how Congress and the IRS empower clients to design planning instruments to minimize taxes, integrate charitable and non-charitable planning tools synergistically, and draft and fund tools to allocate the correct amount of wealth for personal and community goals. We can help you decide how much wealth will be consumed, transferred to beneficiaries, gifted to charities OR PAID IN TAXES.
As we see it you have two choices:
The Internal Revenue Service encourages charitable giving by providing tax breaks to those who give all types of assets to charity. Charitable giving isn’t just about giving monetary assets; we can aide our clients by helping them give art collections, real estate, boats, and other assets to charities. Very often, it is possible to retain lifetime use of these assets.
Charitable planning is a way for a donor to transfer assets to a non-profit after death. It is also a way for a donor to preserve income from assets throughout lifetime, while knowing that the assets will generate benefits for worthwhile causes after the donor dies. A gift at death can produce a charitable income tax deduction now as well as an estate tax deduction at death.