What are your charitable and community goals?
With wealth comes responsibility. The responsibility of deploying assets efficiently to both family members and charity is challenging. With an understanding of your preferences, we will develop strategies to ensure your assets are utilized in the way you intend.
At Washington Trust, based upon client goals, a philanthropic plan is developed utilizing appropriate and effective strategies. Each business and interest rate cycle provides opportunities; and each new administration adds and detracts from charitable possibilities with new tax laws.
Consider the use of:
- GRAT (Grantor Retained Annuity Trust)
- QPRT (Qualified Personal Residence Trust)
- ILIT (Irrevocable Life Insurance Trust)