Estate Planning: Reducing Taxes While Sustaining the Jewish Community
Estate and business attorney Andrew Comiter, who grew up in the Palm Beaches, guides his clients through estate planning. In doing so, he often introduces them to the Jewish Community Foundation (JCF) of Jewish Federation of Palm Beach County -giving them the opportunity to manage their estate tax exposure while accomplishing their philanthropic goals and supporting the community’s Jewish future.
Andrew explained that JCF assists his clients in matching their charitable giving to what they want to accomplish in Palm Beach County and beyond.
“There’s a big menu of charitable giving options through JCF with lots of flexibility, including donor advised funds (DAFs), creating a ‘supporting organization’ or even giving directly through an endowment, an annual directed gift or a grant,” he said.
He also likes the way JCF offers planners such as himself tools to help families set up their own family funds cost-effectively and with options for their giving. For example, if a client cares about helping Holocaust survivors, giving to JCF not only assists survivors in Palm Beach County, but also contributes to the Holocaust Museum in Washington, D.C., Yad Yashem in Israel and other Holocaust-related organizations.
“Families can make a big and meaningful impact on the community,” Andrew acknowledged, “but they need to have trust that the organization handling their money will use it well.”
His experience with JCF and Federation gives him the confidence to refer his clients.
“Tax laws are changing constantly,” Andrew said. “JCF is a great resource for people looking to update their plans and accomplish their philanthropic desires.”
“There’s a big menu of charitable giving options through JCF with lots of flexibility, including donor advised funds (DAFs), creating a ‘supporting organization’ or even giving directly through an endowment, an annual directed gift or a grant.”