Multiple factors could motivate a Florida resident to include charitable donations in their estate plans. In addition to offering substantial tax savings, giving can support social progress. An estate owner might even create a philanthropic plan that forms a legacy across generations. To achieve the desired outcome, one needs to consider both their personal goals and the missions and capabilities of the recipients.
People typically support organizations with missions close to their hearts. A final donation at the end of life could memorialize a person's longstanding passion for a specific cause or institution. Although gifts often take the form of cash, assets such as valuable art or real estate could also be given to charitable institutions. However, not all organizations can accept non-liquid donations.