The Estate & Asset Protection Law Firm Owner, Shannon Pawley, Writes About An Estate Planning Strategy That Allows Donating To Charity And Getting Paid For Life.
Estate & Asset Protection Law Firm Owner, Shannon Pawley, introduces readers to the benefits of estate planning with a Charitable Remainder UniTrust (CRUT)
DECATUR, GA, January 12, 2022: Shannon Pawley, Owner of The Estate & Asset Protection Law Firm, has posted a new blog on the law firm’s website entitled “Two Birds, One Stone – Estate Planning With A Charitable Remainder UniTrust.” Ms. Pawley provides a brief overview along with a site where readers can get more in-depth information.
According to Pawley, “The beauty of estate planning is that each plan is custom designed and there are options for everyone depending on your assets and your goals.” She adds and elaborates, “One of the most interesting options is the Charitable Remainder UniTrust (CRUT). If you have a charitable organization or your alma mater that you would like to donate money to upon your passing, this is one of the most effective vehicles.” She states, “It allows you to donate money and get paid for the remainder of your life while reducing tax liability.”
Pawley points out that “Typically the way a CRUT is set up is that you or members of your family are the initial beneficiaries. Once set up,” she explains, “the trust then provides variable income to the beneficiary. The variable income is based on a percentage of the fair market value of the assets in the trust. And the amount is revalued each year.” As Pawley notes, “The way CRUTs are usually funded is with assets such as artwork, real estate, stocks and bonds. You can add assets to the trust over time. Your designated charity must receive a minimum of 10% of the trust’s value.”
The entire blog can be read at LINK HERE
About The Estate & Asset Protection Law Firm
The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Shannon Pawley has grown her law practice by providing excellent customer satisfaction with personalized wealth protection plans.
About Shannon M. Pawley, J.D., LL.M
As the owner of The Estate & Asset Protection Law Firm, Shannon M. Pawley and her entire team share a passion which focuses on being able to serve the legal needs of retiring individuals. In our firm, WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Born and raised in the Tidewater area of Virginia to a tightknit family with strong military service roots, Shannon learned from an early age the value of hard work and the importance of social awareness to ensure you always leave a situation in a better place than how you entered it. In her junior year of high school, Shannon served as U.S. House of Representatives Page during the 101st United States Congressional Session in Washington, D.C. This experience exposed her to numerous new cultures and worldly issues. Walking away from her experience as a U.S. House of Representative Page, Shannon knew that she wanted to pursue legal studies and be able to assist others in obtaining the best results available in difficult situations.
Shannon earned her undergraduate degree at North Carolina Wesleyan College and pursued a law degree from Michigan State University College of Law. After obtaining her law degree and becoming a licensed attorney in Michigan, she continued her educational pursuit by acquiring a LL.M. (Master of Law) in Taxation from Wayne State University. After moving to Georgia in 2018, Shannon obtained her Georgia law license and has enjoyed being able to pursue her desire of ensuring persons are able to age with dignity, grace and independence.