These are times of great economic disparity. While some people blame the wealthy and consider them greedy, many wealthy people are, in fact, looking for ways to stop accumulating things and to help others.
The reality of life in the U.S. and the world at large is that a great percentage of the world's wealth is in the hands of a relatively small number of people. While many people have less than they need to live comfortably, some others have far more wealth than they could ever possibly hope to spend on themselves.
This reality has received a lot of attention from all sides of the political spectrum.
However, while the political debate is raging, many wealthy people are looking for ways that they can use their wealth for good and to stop accumulating things for themselves.
The New York Times recently reported on a new trend of wealthy couples suggesting charitable donations on their wedding registries, instead of gifts they would like to receive in "For Those Who Have It All, Charitable Wedding Registries."
One of the great things about charitable donations is that they are not only optional, but they also allow people to decide for themselves what to give away and to whom.
Wealthy people do not have to wade into the political debate to give to charity. Instead, they can use their money to support causes and organizations they believe in.
If you would like to give to charity, then it is important to do so the right way.
A Cincinnati estate planning attorney can help make sure the charitable giving is done legally and that it remains in accordance with your wishes.
Remember: “An ounce of prevention is worth a pound of cure.” When making your estate plans or when probating an estate or administering a trust, do not go it alone. Be sure to engage a Cincinnati estate planning attorney.
For more information about estate planning, probate or trust administration in Cincinnati (and throughout the rest of Southwest Ohio) and to review free resources regarding estate planning, probate or trust administration, visit my website. If you have questions regarding this article or a particular legal matter, feel free to contact me at 513-399-PLAN (7526).
Reference: New York Times (March 24, 2017) "For Those Who Have It All, Charitable Wedding Registries."