Charitable trust attorney Frisco
Charitable Trust Lawyer Frisco: How Janelle Cremé Can Assist You in Planning Your Legacy
When it comes to estate planning, many individuals focus on transferring their assets down to their loved ones. While this is undoubtedly an important consideration, it is also vital to consider how you can give back to your community and support causes that matter to you. One way to accomplish this is by creating a charitable trust.
As a charitable trust lawyer in Frisco, Janelle Cremé has helped numerous clients establish charitable trusts as part of their estate plans. In this write-up, we'll discuss what a charitable trust is, the benefits of setting one up, and how Janelle Cremé can assist you in planning your legacy.
What is a Charitable Trust?
A charitable trust is a legal instrument that allows you to donate assets to a charitable organization while also providing some benefit to yourself or your loved ones. There are two primary types of charitable trusts: charitable remainder trusts and charitable lead trusts.
A charitable remainder trust allows you to donate assets to a charitable organization while still receiving income from those assets during your lifetime. Once you pass away, the assets will then be transferred to the charitable organization.
A charitable lead trust functions in the opposite way. You donate assets to a charitable organization for a set period of time, and then the assets are transferred to your beneficiaries after that period ends.
Why Create a Charitable Trust?
There are many reasons why you may want to establish a charitable trust as part of your estate plan. Here are just a few:
Support a cause you care about: Establishing a charitable trust allows you to support causes that you care about, whether that's a specific charity or a broader cause such as education, the environment, or the arts.
Reduce taxes: Charitable trusts can provide significant tax benefits, both during your lifetime and after you pass away. By donating assets to a charitable organization, you may be able to reduce your estate tax liability.
Provide for loved ones: Depending on the type of charitable trust you establish, you may be able to provide for your loved ones while still supporting a charitable cause.
How Janelle Cremé Can Assist
If you're considering establishing a charitable trust as part of your estate plan, Janelle Cremé can provide assistance. As a charitable trust lawyer in Frisco, she has the knowledge and experience to guide you through the process and ensure that your wishes are carried out.
Here are just a few ways that Janelle Cremé can provide assistance:
Determine the best type of trust for your situation: There are many different types of charitable trusts, and Janelle can help you select the one that best suits your goals and circumstances.
Draft and execute the trust documents: Janelle can prepare the necessary documents to establish your charitable trust and ensure that they are executed properly.
Provide ongoing support: Once your charitable trust is established, Janelle can provide ongoing support and guidance to ensure that it continues to meet your needs and goals.
If you're interested in creating a charitable trust as part of your estate plan, Janelle Cremé can assist you. With her knowledge and experience as a charitable trust lawyer in Frisco, she can guide you through the process and ensure that your wishes are carried out. Contact her today to learn more about how she can help you plan your legacy and support causes that matter to you.