LaGrange: 1023 W 55th St #200, LaGrange, IL 60525 | Deerfield: 770 Lake Cook Rd #100, Deerfield, IL 60015
LaGrange: 1023 W 55th St #200, LaGrange, IL 60525
Deerfield: 770 Lake Cook Rd #100, Deerfield, IL 60015
LaGrange: 1023 W 55th St #200, LaGrange, IL 60525
Deerfield: 770 Lake Cook Rd #100, Deerfield, IL 60015
Estate Planning and Gifts to Charity
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When making gifts to charities, keep in mind the following:
- Give away appreciated stock which you have held for more than a year. You can deduct the market value of the stock, and you do not owe capital gains tax.
- Get receipts in writing from the donee for gifts over $250.
- If you are over 70 1/2 years old, transfer up to $100,000 from an IRA to charity and none will be included in your income. It will also count toward the required minimum distribution.
- If you donate a car, you can deduct only what the charity actually sells it for.
Contact an estate planning law firm for further information.
Hear From Our Satisfied Clients
I have worked with Bill and others at the firm for the past 17 years (since 2008). He has handled and assisted me with various legal matters over this time, ranging from corporate and general business matters to estate planning and general advice. Bill is an excellent attorney, especially in estate-related matters. He is down-to-earth, takes a common-sense approach, and treats his clients fairly. Bill is one of the best attorneys that I...
Wilson & Wilson made the estate planning process very easy and timely for my mother.
Great attorneys and team helped my family. Keep up the excellent job!
Great experience
There is not a thing about the staff at the Northbrook location not to like. They have assisted with real estate closings, guidance and preparation of trust and each of my wills, and always done so with a professional attention that is personally interested and invested in me. Whether an in-person conference or a telephone conversation takes place, both Sandra and Debbie always give me their personal and committed attention. They are knowledgeable,...
As a law firm, they have held my hand as a professional law team and have shown compassion. Thank you Sandra.
Wilson & Wilson Estate Planning & Elder Law, LLC helped me navigate a very tumultuous time in my life. Sandra and her team were so gentle with me and the processes that needed to take place for a timely distribution. They worked tirelessly to ensure I was supported throughout the process. Although no one is actually prepared for the death of their loved one Sandra made going through it less painful. I’m forever...
Bill Wilson and his staff are amazing! We have known Bill for over 25 years and have trusted him to handle our different legal situations. From his expertise in our estate planning to seeking his advice on handling our elder relative's estate, we are confident we have the best protection by using Bill. My family and I are truly thankful for his knowledge and patience when dealing with such personal and tough conversations...
GOD has blessed me with alot but by people's standards maybe not that much; however Attorney Sandra Schildgen made me feel like a Billionaire! It is also noteworthy that from the front office and assistant personnel gave that feeling "we are family". I look forward in continuing our relationship in the future. GIVE Wilson & Wilson your business.
Great attorneys, and great staff in general, all knowledgeable and extremely helpful..
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