Estate and Gift Planning
LFL can help you to achieve the greatest advantages for yourself as you help others. Charitable Gift Annuities are lifetime contracts between donors and charities. By funding a gift annuity, the donor can claim a current-year charitable income-tax deduction based on the actuarial value of the charity's interest in the gift. Personal or charitable gifting removes an asset's future growth from your estate and thus reduces your estate taxes. An irrevocable grantor retained annuity trust enables you to transfer assets with the potential to appreciate significantly. Placing assets in qualified trusts can help protect your wealth from taxation. Placing assets in certain trusts may also allow you or your heirs to receive regular payments from the trust, minimize capital gains taxes, or pass the assets free of estate taxes to your heirs. And since estate and generation skipping transfer (GST) tax exclusion amounts are currently being transformed, proper trust planning can add significant value to your estate plan.