"Should I Leave My Children's Inheritance to Charity?" Insights from a Portland, Oregon Will and Trust Lawyer

"Should I leave my children's inheritance to charity?" It's a question that many parents grapple with, especially when considering the needs of their children and their personal philanthropic goals. It's not just about the money—it's about the message you want to leave behind and the impact you want to have.

Estate PlanningCandice AistonJanuary 16, 2024Aiston Law, LLCestate planning, charitable planning

Portland, Oregon Estate Planning Lawyer on How to Make a Charitable Bequest with an IRA

You can donate retirement accounts, such as an IRA, by distributing the proceeds to charity. However, the tax benefits for donating this way are minimal. A tax-efficient donation strategy is to contribute your retirement fund directly to a charitable organization as part of your estate plan.

What to do if you get a substantial increase in income or net worth.

From time to time, I get a call from an old or prospective client who wants to know what to do now that they have run into a lot of money, either through receiving higher income or through receiving a large lump sum due to inheritance, lawsuit win, or other event. There are several key areas to keep in mind, but the overall rule is to call your estate planning lawyer and accountant right away.

News