“Should I Leave My Children’s Inheritance to Charity?” Insights from a Santa Barbara Will and Trust Lawyer
“Should I leave my children’s inheritance to charity?” It’s a question that many parents grapple with, especially when considering the needs of their children and their personal philanthropic goals. It’s not just about the money—it’s about the message you want to leave behind and the impact you want to have.
Weighing Your Decision
When you’re thinking about leaving an inheritance to charity instead of your children, it’s not just about whether they need the money. It’s also about what values you want to pass on. Maybe you want to encourage your children to earn their own success, or you hope to leave a legacy that reflects your life’s passions and commitments.
Guidance from a Professional
A Santa Barbara will and trust lawyer is your go-to professional for navigating these waters. They can explain how your decision can be structured within your will or trust, ensuring your wishes are met while also considering the well-being of your family and your chosen charities.
Crafting Your Legacy
Together with your lawyer, you can explore different ways to include charity in your estate plan. This could mean setting aside a portion of your estate for charitable giving or even establishing a charitable trust that can offer ongoing support to your chosen causes.
Clear Communication
One of the most important steps in this process is communication. Discussing your intentions with your children can help manage expectations and provide them with a clear understanding of your reasons. This conversation can be a valuable part of your legacy, too, reflecting your beliefs and your hopes for their future.
Getting Help
If the idea of leaving your children’s inheritance to charity is on your mind and you’re looking for detailed advice, our law firm is ready to assist. To arrange a meeting with an experienced Santa Barbara will and trust lawyer, please call 805-946-1550 and mention this blog for a comprehensive consultation.
Author Bio
Julianna Malis is the Founder and Managing Partner of Santa Barbara Estate Planning & Elder Law, a Santa Barbara estate planning law firm she founded in 2014. With more than 25 years of experience practicing law, she has dedicated her career to representing clients in a wide range of legal matters, including estate planning, elder law, Medicaid and Medicare planning, probate, and other estate planning areas.
Julianna received her Juris Doctor from the University of the Pacific — McGeorge School of Law and is a member of the California State Bar Association.