Understanding Restrictive Covenants in Real Estate: What You Need to Know
Hello ,
Charitable giving isn't just about making a difference - it's about leaving a legacy that extends far beyond your lifetime. In a recent article, Attorney Samantha Gordon explores the importance of incorporating charitable giving into estate planning and highlights key strategies available to North Carolina Residents.
What You'll Discover:
The Impact of Charitable Giving
- Charitable giving allows individuals to support causes close to their hearts while reducing estate taxes and leaving a meaningful legacy.
Key Strategies for NC Residents
- Bequests: Designate a portion of your estate to a charity in your will.
- Charitable Trusts: Established to benefit organizations and beneficiaries.
- Donor-Advised Funds: Make contributions to a charitable fund and recommend grants over time.
- Gifts of Retirement Assets: Name charities as beneficiaries of retirement accounts for tax benefits.
Specific Considerations in North Carolina
- State Tax Credits: Benefit from income tax credits for certain charitable gifts.
- Community Foundations: Connect with local nonprofits and manage charitable funds through community foundations.
Start planning your legacy through charitable giving today and make a lasting impact on your community.
