Estate planning in Georgia sometimes goes beyond bequeathing family keepsakes and distributing accumulated assets among loved ones. Some individuals in the Peach State make arrangements to continue philanthropic giving even after they pass. From taking advantage of potential tax benefits to wishing to establish or continue a family legacy, there are many reasons to make charitable giving part of the wealth management and estate planning process when working with an attorney.
The recommended first step with estate planning that involves philanthropic causes is to select specific charities. Some individuals prefer to base this decision on causes that they have a history of supporting while others opt to focus on how they want to be remembered. Once philanthropic goals have been set, the next step for charitable individuals is to decide which assets they want to give now or after they pass.