Some of your clients wish to leave part or all of their estate to charities dear to their hearts. Of course, this generosity also benefits donors through savings on income and estate taxes. As their estate planner, it’s your job to ensure the tools used are the most effective and tax-efficient.
Depending upon your client’s preferences - or needs – you can set up the type of trust best suited for their goals. The right software makes the entire process easier for your client to understand and for your staff to produce.
Charitable Giving Considerations
Your clients may know they want to leave bequests to charity, but they don’t know the best way to go about it. Your client wants to give, but they don’t want to risk their hard-earned financial security. Based on their overall wealth, income and tax concerns, you need to devise a charitable giving plan tailored to your client’s specific needs… but you also want to create this customized package in an organized, repeatable way! If you have to reinvent the wheel for every new client, you will drive yourself (and your team) crazy. You will never be able to scale or get free from the day to day of working in the firm.
What’s the solution? Better, more comprehensive estate planning software can allow you to strategize your client’s charitable giving, letting you examine tax and income consequences under different scenarios and draft the most appropriate types of charitable trusts.
Wealth Docx® Charitable Planning System
If that solution sounds appealing, please consider checking out our Wealth Docx Complete Version software, which includes a powerful charitable planning system. This enables you to create Charitable Remainder Trusts – CRAT, CRUT, NICRUT, NIMCRUT and FLIP-CRUT) along with Charitable Lead Trusts – CLAT and CLUT – and private foundations, corporate and trust. Among its ancillary documents, the package includes:
- Certificate of trust
- Gift agreements
- Gift annuity agreements
- Life estate reserved deeds
- Maintenance and ownership agreements.
Wealth Docx software allows you to spend more time with your clients discussing their needs, rather than fretting over documents. All trust and related information is relayed in “plain English,” so your clients aren’t confused by jargon and excessive legalese. When your clients have confidence in the documents you create for their philanthropy, they will trust you and your team more and feel more at ease giving to great causes that can change the world.
