Massachusetts Estate Planning & Asset Protection Blog

Ways to Give Back This September 11th

Posted by Dennis Sullivan & Associates on Thu, Sep 12, 2019

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This September 11th marked the 18 year anniversary of the devastating terrorist attacks that shocked the nation. Throughout the years since the attacks, many initiatives have been created to support survivors and the families of victims. As we think about the victims of the September 11th attacks, however, do not forget to include charitable planning in your estate plan. To help you accomplish this, let us share with you a few tips to giving back to survivors and the families of victims through charitable planning.

  1. What is the significance of September 11th?

Eighteen years ago on September 11, 2001, nineteen men hijacked four United States commercial airplanes heading for the west coast. Two of the airplanes were intentionally flown into the north and south towers of the World Trade Centers in New York City, one airplane was flown into the Pentagon building in Washington D.C., and one crashed into a field near Shanksville, Pennsylvania. As a result, almost 3,000 people perished, and devastation was, and still is, felt around the world

  1. What is charitable planning?

Charitable planning is an effective way to support an important cause or charitable organization. This can be accomplished by making annual or periodic gifts throughout your lifetime. Charitable planning also provides you an opportunity to look ahead to a time when you may not be able to make charitable gifts yourself. Accordingly, you can leave a gift for a charity through your estate planning.

  1. Can I leave money without a plan?

While it is possible for you to leave money to a charitable organization without a plan, this is generally not advised. To help ensure that your gift is distributed accurately, it is important to set our clear instructions within your estate plan as to where the gift is going and how it will be distributed. This can be a somewhat complicated process, which is why we encourage you to consult with an experienced, local estate planning attorney who understands your specific needs and can help you accomplish your goals.

These are just a few of the ways that you can give back to September 11th victims and their families. Do you need more ideas? Do you have your own ideas that you would like to share with us? Do not wait to contact us. Further, if you are ready to include charitable planning in your estate plan, we encourage you to reach out to us to schedule an appointment. 

 

 

Tags: Charitable Giving, charitable

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