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The client, a high-net-worth individual with a diverse portfolio of investments and philanthropic interests, approached Umber Wealth with the desire to integrate substantial philanthropic contributions into their estate plan. They wanted to ensure that their legacy would have a lasting impact on the causes they cared about while also preserving wealth for future generations.
The client was committed to making significant charitable donations but also wanted to ensure that their family’s financial future was secure.
Maximising tax benefits associated with charitable giving while ensuring the overall estate plan remained efficient under current tax laws.
Structuring the philanthropic giving in a way that complied with legal requirements and financial best practices.
The client desired not just to give but to create a philanthropic legacy that would continue to have an impact over the long term.
We started with a detailed review of the client’s total assets, including investments, real properties, and other valuables. This analysis helped in understanding the scope of the estate and the client’s financial ability to meet their philanthropic and family-oriented goals.
We worked with the client to develop a philanthropic strategy that aligned with their values and passions. This involved selecting appropriate charities and determining the most impactful giving methods, such as endowments or direct grants.
We established a series of trusts and a private family foundation to manage the client’s charitable giving. This not only streamlined the donation process but also ensured that the philanthropic activities could continue effectively beyond the client’s lifetime.
Our tax specialists designed the estate structure to optimise tax advantages, leveraging charitable deductions and other relevant tax-efficient strategies. This ensured that the client’s estate and philanthropic goals were achieved in the most tax-effective manner.
The integrated estate and philanthropic plan effectively balanced the client’s desire for charitable giving with the need to secure their family’s financial future.
The strategic structuring of donations maximised tax benefits, reducing the overall tax burden on the estate and increasing the financial resources available for both family inheritance and charitable endeavours.
All aspects of the estate and philanthropic plans were compliant with relevant laws and regulations, providing peace of mind to the client and their family.
The family foundation became a significant entity in supporting the causes important to the client, creating a lasting philanthropic legacy that could be managed and expanded by future generations.
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