Sussex County Charitable Remainder Trusts Lawyer

Setting up a charitable trust is an effective way to pass property from one individual to another and can be created during one's life or through a will. At the law office of Harold W. T. Purnell, II, P.A., I have been practicing law for over 25 years and am skilled in guiding individuals through the process and benefits of creating such trusts. Contact Delaware trust attorney Harold W.T. Purnell, II, to discuss your legal financial needs.

As an experienced charitable remainder trust attorney, I have assisted individuals with high net worth pass property or money to charity by means of creating a trust while receiving tax reductions. This can be done through a charitable remainder trust.

My firm assists individuals in creating the following types of charitable remainder trusts:

• Charitable Annuity Trusts
  
  
• Charitable Uni Trusts
  
  
• Charitable Income Only Uni Trusts

A charitable remainder trust splits the interest of a trust between beneficiaries. The first interest of the trust is passed to a beneficiary for either 20 years or for the length of the beneficiary's life. Once the time has expired or the beneficiary dies, the remaining property passes to a charitable organization. However, in order to receive an income tax deduction for the amount of the trust that passes to the charity, the interest that passes to the charity must be at least 10% of the fair market value of the property that was originally placed into the trust.

If you wish to receive income tax deductions by creating a charitable remainder trust, I can help guide you through the necessary steps. Contact a Sussex County trust formation lawyer for a free initial consultation.

Harold W. T. Purnell, II, P.A.
8 North Race Street
P.O. Box 977
Georgetown, DE 19947
Phone: (302) 858-5151
Toll Free: (866) 296-HWTP (866-296-4987)
Fax: (302) 858-5161
Email

The law office of Harold W. T. Purnell, II, P.A., located in Georgetown, Delaware, represents individuals throughout southern Delaware, including Sussex County and Kent County and the communities of Georgetown, Dover, Rehoboth Beach, Bethany Beach, Fenwick Island, Milford, Laurel, and Seaford, DE.