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COVID-19 is having a severe impact on our society, including our community here at home. We are doing everything we can to assist our clients in these uncertain times. We understand that you might have questions or have important and time-sensitive estate planning needs during this crisis. Please know that while our doors may be closed at this time, the attorneys and staff at the Law Offices of David A. Straus LLC are very much open.

We are dedicated to assisting you, our clients and our community, and will remain available by phone and webcam.

Please call us if you need help. We will find a way to handle your legal matter. Stay well and stay safe.

Law Offices of David A. Straus

Protecting Your Wealth One Piece At A Time

Drafting a Charitable Trust with a Las Vegas Attorney

Charitable giving is a wonderful way to give back to your community and to extend your legacy after death. It is also an excellent way to reduce income and estate taxes for the trustmaker, providing tax savings. A substantial gift to a charity, charitable trust, or foundation can reduce the taxes that the rest of your estate is subjected to when you die.

Reducing Taxes and Building Legacies

At the Law Offices of David A. Straus, our Las Vegas lawyer helps clients control exactly where and how their estates will be distributed and transferred when they die. We also help them avoid probate through the use of trusts, which we draft personally for each of our clients. The establishment of a charitable trust can have many benefits, including:

  • Making use of a charitable remainder trust or lead trust is about reducing estate taxes and income taxes
  • Establishing a nonprofit organization or a family foundation allows you to build upon a family legacy and to support sustainable giving for years and decades to come

Choosing Where Your Estate Assets Will Go

In estate planning, you will choose between three sets of beneficiaries:

  • Friends and family members
  • Charities or foundations of your choice
  • The Internal Revenue Service (IRS)

You will pick two. Most people choose the first two. In some cases, every U.S. citizen becomes a philanthropist at death, either giving voluntarily to a charity or foundation through a trust or to the government, which will do with as it pleases.

We can help you control and direct how your estate and social capital will be distributed to the fullest extent possible to maximize its potential. Drafting a customized charitable trust with an attorney who works in estate planning will help you make use of all effective techniques that are available to you, and will allow you to build upon your own legacy as well as your family’s legacy.

Call the Law Offices of David A. Straus to Schedule a Complimentary Initial Consultation

Our attorney has over twenty-five years of estate planning experience in Nevada and has a Master of Laws degree (LL.M.) in Taxation and in Entertainment and Media law. Please email or call us in Las Vegas at 702-474-4500 to schedule a meeting and to discover how a charitable trust can benefit your estate plan.

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David A. Straus is the author or co-author of many publications.

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‘Planning In Turbulent Times’

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