Due to precautions related to covid-19, we have expanded our options for remote consultations. please contact our office to discuss whether a full phone consultation or video conference is appropriate for your situation.
Toll Free: 800-645-2911
Phone: 937-608-9398
Focused and Effective Representation

Charitable trusts have tax advantages

When planning your estate, it's likely that you have reflected on the legacy that you will leave behind after you pass away. While it's likely that you will want to leave a large portion of the estate to immediate family members, you may also have a charity that is close to your heart.

Leaving a portion of your estate to a charity is a worthwhile act that will not only help you leave a meaningful legacy, but it may also benefit your estate from a tax perspective. The following is an overview of the tax benefits that commonly come with the creation of a charitable trust.

Income tax deductions

When you donate to a charitable trust, you are able to spread the value of this donation over five years and deduct it from your income. There will be a limit to the amount you can deduct if you expect to get a return on investment, however.

Estate tax benefits

If your estate is large enough to be subject to estate tax at the end of your life, you may want to try to reduce the value of your estate by setting up a trust. Doing this may help you to avoid estate tax altogether.

Avoid capital gains tax

If you are going to be paying capital gains tax on an asset you are selling, you could avoid this tax by donating the asset to a charitable trust.

If you are starting to plan your estate and you want to make a charitable donation in a financially lucrative way, setting up a charitable trust could be a great strategy for you.

No Comments

Leave a comment
Comment Information
  • Ohio State Bar Association | Connect.Advance.Succeed
  • Federal Bar Association | ORG Jan 5th 1920
  • Dayton Bar Association 1883
  • Super Lawyers
Email Us For A Response

Tell Us About Your Legal Need

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

7810 McEwen Road, Suite B Dayton, OH 45459 Toll Free: 800-645-2911 Phone: 937-608-9398 Fax: 937-461-5981 Dayton Law Office Map

Review Us