Serving Clients in Moss Point, Pascagoula and the Mississippi Gulf Coast

At Perkins Law Group, we encourage and assist the tradition of giving to charitable causes. In addition to the many personal rewards inherent in making a charitable gift, most gifts also provide a current charitable income tax deduction. Some charitable giving strategies also save capital gains taxes, increase income, and provide you, or whomever you designate, with an income for life. Additionally, these types of gifts may provide an estate tax deduction — an important consideration in planning your estate.

Making the Most of Your Charitable Giving in MS

If given the choice between paying taxes (involuntary philanthropy), or making a charitable gift (voluntary philanthropy), most people would choose the latter, because it gives them the benefit of knowing who the money will benefit and how it will be used. The same cannot be said for money paid to the U.S. Treasury. We help clients make charitable gifts and practice good stewardship in the most tax-efficient manner.

There are many different ways to make charitable gifts:

  • A charitable remainder trust or a charitable gift annuity will give you an immediate income tax deduction, a lifetime stream of income, and a waiver of capital gains taxes owed on contributed property.
  • A charitable lead trust creates an income stream to charity for a term of years with the remainder of the trust going to your children without any estate or gift tax consequences.
  • A private foundation offers you the considerable freedom to control amounts given by placing restrictions on how your gifts are used by charities.
  • A donor advised fund allows you to maximize your income tax savings on your regular monthly or weekly contributions to church or charities.

This has been a very general overview of a very complex subject matter. If there are causes or organizations you would like to support, while also maximizing your tax-saving strategies, please contact us to explore your options.

Testimonials

Mary Sue

They are courteous, friendly, knowledgeable and willing to assist in other legal services you might know you need.  – Mary Sue

Genevieve

I would and have recommended the Perkins Law Group to family and friends in need of top notch legal advice for their Estate Planning needs. Their communications with clients and their processes are thorough, and their follow through is timely. It was a pleasure working with Matt and his team. – Genevieve

Denise

Met Matt first time from a referral of a distant family member. I was nervous, and grieving, and he made it so easy and helpful to guide and assist me and my sister’s with our Father’s estate. A Very patient and kind-hearted gentleman. Very professional and I would absolutly refer him to anyone. -With sincerity

Ruth

Matthew Perkins was the lawyer I chose to handle the settling of my daughter’s estate, and I am certainly glad I did. I had plenty of questions, and he always had an answer for me. When I contacted him or his office, I always received a timely response. He is young, energetic, intelligent, professional, and very knowledgeable. One of the things I admire most about him is that he is willing to take on new challenges. Hiring Matthew Perkins to handle this legal matter was a very wise choice. I would recommend him if you are looking for a lawyer who will take the time to sit down and explain things to you. He never left me in the dark as we went through the necessary steps to set up and then close the estate. I could not be more pleased with the professionalism that I received from Matthew Perkins. If you are in need of the services of an attorney, at least set up a consultation with him. I believe that you will be very impressed with his can-do attitude. If I need legal services in the future, Matthew Perkins is definitely the attorney that I plan to hire.

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