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Your philanthropic legacy has two sides. On one hand there is the giving you do throughout your lifetime, on the other, the nature and scope of your giving after death. On behalf of our clients, we help to ensure that donor intent is clearly defined and adhered to.
A big part of the legacy you leave is how it involves and impacts the next generation. Our work with multi-generational families around their philanthropy helps to ensure continuity of purpose across generations while providing an opportunity for all family members to have a voice in the charitable planning process.
For many clients we serve as their designated charitable distribution advisor to protect their philanthropic interests when they no longer can, much as an attorney will protect the legal rights and obligations of his or her client’s family.
Legacy Planning can include:
- Assessing legacy intentions
- Creating allocation strategies
- Adapting strategies for different vehicles
- Setting up governance policies
- Exploring options for communicating gifts
- Planning for succession
- Training future trustees
- Determining next generation involvement
- Conducting initial due diligence and periodic reviews of named charitable recipients
- Executing legacy gifts
- Developing a plan for distribution
- Serving as charitable distribution advisor
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