Planned Giving & Tax Reduction Law
Do you have an Endowment (Waqf) set up for your organization? Having an Endowment and having a planned giving program in place is incredibly important as far as setting the tone for the future of your organization. It also enables you to start cultivating relationships with those prospective donors who are invested in what you do and the value you bring. Not having such a program or an endowment fund can make the process of receiving donations that are otherwise critical to your work nearly impossible in some circumstances.
At Cornerstone Law Offices, we have been able to help many of our members in terms of setting up endowment funds and initiating their planned giving programs. Cornerstone has worked with many regional charities and local families; they have established vital relationships between donors and nonprofits that emphasize the value of charitable giving in terms of the enormous benefits to the community.
Not to mention, many people don’t understand how essential estate planning is in general or even how it works. Nearly 70% of Americans don’t have a will in place and that number is even higher in our community. Educating donors about estate planning and about the ability to continuously give to their preferred charitable organizations after they’re gone is a very necessary service. Cornerstone can work with your donors, offering a one hour FREE educational estate planning meeting during which they will discuss their concerns and goals for their families, appropriate tax planning strategies, guardianship and disability options, as well as how to go about leaving a bequest to their favorite charity.
Given Cornerstone experience and in-depth understanding of the planned giving process, their team can walk you through the steps associated with establishing an endowment fund. They can help you pinpoint where and how to proceed in implementing your planned giving program, and in conjunction with their estate planning services, Cornerstone team can assist you in reaching out to those potential donors who want to make a difference over the long term by donating through their wills and various other estate planning options.
Testimonials
We recently received a rather large bequest, and the only reason this was possible was because of the endowment fund that we established. We cannot stress enough how critical it is to have such a fund set up. Cornerstone Law Services made the process easier than we anticipated. They walked us through the setup start to finish and were readily available to answer any and all questions. We highly recommend Cornerstone, particularly when it comes to something as important as establishing your organization’s endowment fund.
Islamic Shura Council of Southern California
When it comes to setting up an endowment for your non profit,it can seem an intimidating process. We weren’t certain of what direction to go or even of where to start for that matter. This is where working with Cornerstone Law Services really made all the difference. They showed us step by step how the many moving parts came together. Ultimately, because of their guidance and the proactive way they approached our fund, we were able to secure a bequest. For this we sincerely thank Cornerstone and will most definitely continue to work with them in the future.
Islamic Institute of Orange County
Testimonials
We recently had the opportunity to educate ourselves from Hani about the US laws of preparing a will or living trust and the impact it can have on the kids/family if you don't have one. Hani is one of the most knowledgeable lawyers in Islamic law and guided us through the entire process end to end. We would highly recommend Hani and his team for those looking to explore will and living trust preparation.
Zahed Reza Khurasani
I recently had my living will and trust done by the Cornerstone team and had an amazing experience! Hani Amra personally sat down with me and walked me through the process, patiently explaning what the different options were and what would be best for me and my family. Hani was expeditious yet thorough. His familiarity and expertise helped make such a seemingly complicated process, smooth and hassle free. I would not hesitate to use Cornerstone Law for my future legal needs, and highly recommend you do the same!
Jameel Besada- Religious Director at Corona Masjid
Caring, ethical, personal and professional treatment...this is what you will find at Cornerstone Law Services!
Jihad Turk- President of Bayan Claremont Islamic Graduate School
The Cornerstone team of lawyers are the absolute best at what they do! Their knowledge of estate planning comes directly from the heart and it shows. Cornerstone Law Offices will create a custom estate plan for you that will incorporate your unique goals family situation. Not only that, but once you become a client, they will be able to provide you with a lifetime of legal guidance to protect your loved ones. Mostly importantly, I love their team of lawyers as people and not just lawyers! Their down to earth style is refreshing and great to work with. I definitely recommend them to everyone for all of their estate planning needs.
Malek Bendelhoum- Associate Director Of Shura Council Of Southern CA
We recently received a rather large bequest, and the only reason this was possible was because of the endowment fund that we established. We cannot stress enough how critical it is to have such a fund set up. Cornerstone Law Services made the process easier than we anticipated. They walked us through the setup start to finish and were readily available to answer any and all questions. We highly recommend Cornerstone, particularly when it comes to something as important as establishing your organization’s endowment fund.
Islamic Shura Council of Southern California
When it comes to setting up an endowment for your non profit,it can seem an intimidating process. We weren’t certain of what direction to go or even of where to start for that matter. This is where working with Cornerstone Law Services really made all the difference. They showed us step by step how the many moving parts came together. Ultimately, because of their guidance and the proactive way they approached our fund, we were able to secure a bequest. For this we sincerely thank Cornerstone and will most definitely continue to work with them in the future.
Islamic Institute of Orange County
I have had the opportunity to work with Hani and his team of lawyers at Cornerstone Law Offices. Recently I engaged them for creating a will and living trust and found them to be extremely responsive to the numerous inquiries and clarifications needed to understand the complex structure of Islamic Will and Estate Planning. Their relationships with the local Imams and Scholars serves as a valuable resource for their clients. Hani was very informative in walking through the process and what to expect, his knowledge with a friendly, direct approach was refreshing.
Rizwan Khan