Is Charitable Planning Practical?

Many people think that charitable planning or trying to become more philanthropic is not something that’s practical or realistic for the average family or individual. Obviously, it seems like it’s something just for the rich and famous, the Bill and Melinda Gates of our society. That couldn’t be more incorrect. What we help families and individuals understand in this context is that one plus one can often equal three or four, not just two. What I mean by that is, people think that if you give something to charity or you leave something to charity through your documents, you’re reducing what your family will inherit. That’s not true because you’re taking from what the government would have gotten. And often through other strategies, you’re able to enhance or multiply the wealth through leveraging strategies. At Borchers, we help create middle class philanthropists.

Find more tips on Borchers Trust Law Group YouTube page here and learn more about Ron Ware here.