Will and Trust

Having a last will in place will make sure your estate goes to whom you want, when you want, the way you want.

A financial power of attorney provides authority for someone to act on your behalf in case you become incapacitated.

Health care power of attorney allows you to document your wishes regarding medical care if you become disabled.

By planning ahead with a trust, you can shorten the settlement process, and avoid lengthy estate proceedings.

Does nonprofit, 501(c)(3), and tax-exempt all mean the same thing?

by admin | Mar 24, 2022 | 0 comments

Actually, no! These terms are often used interchangeably, but they all mean different things.

Nonprofit means the entity, usually a corporation, is organized for a nonprofit purpose.

501(c)(3) means a nonprofit organization that has been recognized by the IRS as being tax-exempt by virtue of its charitable programs.

Tax-exemption is the result of a nonprofit organization being recognized by the IRS as being organized for any purpose allowable under 501(c)(3).