Pursue grants as an additional financial resource
Five years ago, I developed an idea to build a business. I developed a business plan based on the service I wanted to provide. While I wanted to work as an estate planning attorney, it was also important for me to share and sow into my community in a meaningful way. I had such a positive experience administering my mother’s estate, so I wanted to share the process, timeline, and what to expect with others.
Make Charitable Giving part of your Estate Plan
I have a heart to give, but I don’t always have the cash to do so. Luckily for me and for others like me, I can donate stock and other assets to my favorite charities in order to fulfill my donative intent. Instead of selling stock and donating the proceeds from the sale, I can donate appreciated stock to a qualified charity without subjecting myself to capital gains tax. Moreover, I can take an income tax deduction for the charitable contribution.