The Family Foundation Tax Benefits in Arizona
Why set up a family foundation for your charitable giving needs? After all, can’t you just write out a check to your favorite charities or faith-based organizations? Of course you can, but a family foundation gives you the advantage of minimizing taxes, while protecting the assets in the foundation from creditors, judgments and divorce settlements.
A family foundation is a powerful tool by which families of high net worth can ensure that family members for generations are involved in charitable activities, receive compensation for their services if desired, adhere to the values established by the terms of the foundation and continue the legacy of the foundation.
You don’t need to be a multimillionaire to establish a family foundation. Morris Hall, PLLC, can help you take advantage of tax and asset protection benefits, no matter what your income or asset value. We will evaluate your circumstances and long-term planning needs. By developing a comprehensive estate plan that includes financial planning, tax considerations and personal values, we can help you preserve your estate, while taking care of the charitable institutions you admire and trust and accomplishing other charitable goals that are important to you.
Talk to us about your charitable giving desires. We have extensive experience helping our clients with charitable trusts such as:
- Family foundations
- Charitable remainder unitrusts (CRUT)
- Charitable remainder annuity trusts (CRAT)
- Charitable donations, financial planning and tax accounting
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Contact Morris Hall for More Information About Family Foundations
Contact us to arrange a consultation with an experienced lawyer today. Our offices are located in Phoenix, Tucson, and communities throughout Arizona.
*Martindale-Hubbell’s AV peer review rating is the highest-rated category an attorney can achieve in the areas of legal skills and ethical standards. AV is a registered certification mark of Reed Elsevier Properties, Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies.
