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Charitable Giving Through Prepared Trusts

You Can’t Take it With You (But you can control its course) Bill Gates famously noted that philanthropy should be voluntary. We are all philanthropists; we choose to be either voluntary philanthropists and direct our assets to our favorite charities, causes and people, or to be involuntary philanthropists and pay taxes for distribution through government programs. We would like to make the case that voluntary philanthropy is the way to go.Our government recognizes that individuals are in the best position to foster effective giving. It encourages charitable giving by offering tax breaks and other incentives, and this affords a savvy planner...

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