One of the true joys of living in Austin, Texas is the generosity of our residents. Rarely are our clients motivated primarily by tax implications when they give of their resources. Instead, they are often motivated by a desire to inspire others in their family to become a giver, or to ensure their donated assets really benefit those for whom they are intended. Less frequently, some wish to take a tax deduction now but distribute the assets in a slower and more thoughtful way.
EXPERT TIP: CONSIDER FORMING A PRIVATE FOUNDATION.
If you are a generous giver or aspire to be, have you thought about forming a private foundation? Setting up a private for family foundation in the spirit of generosity is one of the happiest things you can do, and is often a thrilling experience as well.
Our NO COST first consultation is a great way to get answers so you can find the joy in giving.
The Fowler Law Firm PC...Not Your Conventional Law Firm®
About your authors:
Terry Belt has practiced law for 43 years and is a top producing attorney at The Fowler Law Firm, PC., where he specializes in business law and estate planning. Belt has earned two Texas Supreme Court victories and is board certified by the State Bar of Texas.
Laura Fowler is the Managing Shareholder of The Fowler Law Firm, PC. She is a regular speaker to real estate and business groups and an instructor licensed to teach continuing education courses required by the Texas Real Estate Commission.
About The Fowler Law Firm PC: Attorneys with The Fowler Law Firm PC proudly donate their talents and resources to many area charities and teach courses in Continuing Education Click HERE for more information. Follow our charitable adventures on our Facebook or LinkedIn pages.