Most people give to charity out of the compassion of their hearts . Others recognize that these good actions can also save significant taxes. The Sheffiled Law Office helps clients make their charitable gifts in the most tax-efficient manner.

For example :

• A charitable remainder trust or a charitable gift annuity will give you an immediate income tax deduction, a lifetime stream of income, and a waiver of capital gains taxes owed on contributed property.
• A charitable lead trust creates an income stream to charity for a term of years with the remainder of the trust going to your children without any estate or gift tax consequences.
• A donor advised fund allows you to maximize your income tax savings on your regular monthly or weekly contributions to church or charities.
• A private foundation offers you the complete freedom to control your giving by placing restrictions on how your gifts are used by charities.

The Sheffield Law Office helps clients make their charitable gifts in the most tax-efficient manner.

Tax savings increase significantly with more sophisticated charitable giving strategies. The Sheffield Law Office helps clients make their charitable gifts in ways that will help them save the most in taxes and retain the most control over how the funds will be used.