Cochran Law Firm, P.L.

Cochran Law Firm, P.L. Cochran Law Firm, P.L.

is a Real Estate, Business , Estate Planning, Probate, Elder Law, Asset Protection, Special Needs and Long Term Care Planning Law Firm based in Orlando, FL.

You can take a partial income tax deduction within the year the trust was created for the value of your donation. The pa...
06/17/2026

You can take a partial income tax deduction within the year the trust was created for the value of your donation. The partial tax deduction you receive is based on the trust’s type and term, the projected income payments to the charitable beneficiaries, and interest rates set by the IRS, which are determined based on the growth rate of trust assets.

That said, your deduction is limited to 30% of your adjusted gross income. And if the donation exceeds that limit, you can carry over any excess into subsequent tax returns for up to five years.

Again, profits from appreciated assets sold by the trustee aren’t subject to capital gains taxes while they’re in the trust. Plus, when the trust assets finally pass to the charity, that donation won’t be subject to estate taxes either. Such hefty tax breaks can seriously add up, so if you have the means to set such a trust up, they can be quite beneficial for all parties involved, so if you think such a trust might be right for you, definitely meet with us to discuss your options.

Don't leave tax savings on the table. Contact us today!

A CRT is what’s called a “split-interest” trust, meaning it provides financial benefits to both the charity and the non-...
06/16/2026

A CRT is what’s called a “split-interest” trust, meaning it provides financial benefits to both the charity and the non-charitable beneficiary. The non-charitable beneficiary can be your spouse, child, another heir, or even you.

Here’s how these unique trusts work: when you set up a CRT, you name a trustee, an income beneficiary (or beneficiaries), and a charitable beneficiary. Then, you’ll contribute your appreciated asset to the CRT, and the trustee will sell, manage, and invest the asset(s) to produce income that’s paid to the non-charitable beneficiary.

Normally, the sale of these assets would generate capital gains taxes. But instead, you get a charitable deduction for the donation when you donate the assets to the CRT, and the CRT doesn’t pay capital gains tax upon sale of the appreciated assets. Sounds like a win/win, right?

Contact us to learn more!

If you have a sale of real estate or assets coming up that will result in you owing capital gains tax, you may want to g...
06/15/2026

If you have a sale of real estate or assets coming up that will result in you owing capital gains tax, you may want to give us a call to discuss whether to set up a Charitable Remainder Trust (CRT) first. Think of it this way: would you rather pay taxes and send your hard-earned money to the government, or use that same money to provide yourself with a lifetime of income and support your favorite charity at the same time?

CRTs offer a number of benefits to everyone involved. These trusts allow you to contribute to your most beloved charities, while also generating a valuable extra source of income for the beneficiaries, which can assist with retirement, paying off taxes, or be used for additional estate planning purposes.

Such trusts aren’t for everyone, so call us to see if a CRT fits in with your planning goals. Check the link below to read more.

😲 A will only addresses what happens after you die, leaving your loved ones with no legal authority during a health cris...
06/11/2026

😲 A will only addresses what happens after you die, leaving your loved ones with no legal authority during a health crisis. You need a plan that protects your family and your wishes during your life and after.

📲 Let's talk today!

😱Our latest article explains how to have hard conversations now before a crisis forces them - and how to create a plan t...
06/10/2026

😱Our latest article explains how to have hard conversations now before a crisis forces them - and how to create a plan that protects both your wishes and your family relationships.

📞 Let's talk about how we can support you.

🧓Put legal documents in place that give clear authority to loved ones. Our latest article shows you exactly how to break...
06/09/2026

🧓Put legal documents in place that give clear authority to loved ones. Our latest article shows you exactly how to break the cycle of family conflict.

👉 Link in bio!

👨‍👩‍👧‍👦 Caring for aging parents should bring families together, but it often tears them apart. Learn how to spare your ...
06/08/2026

👨‍👩‍👧‍👦 Caring for aging parents should bring families together, but it often tears them apart. Learn how to spare your own children from this pain.

✨ Read now! ✨

🙈 We've all been there! Estate planning doesn't have to be scary. Sometimes one conversation with a trusted advisor chan...
06/06/2026

🙈 We've all been there! Estate planning doesn't have to be scary. Sometimes one conversation with a trusted advisor changes everything. Ready to take the first step, even if your spouse needs a minute?

📲 Book a discovery call with me today!

💡 Did you know? Most couples delay estate planning for years because one partner hesitates. This can create a mess for t...
06/05/2026

💡 Did you know? Most couples delay estate planning for years because one partner hesitates. This can create a mess for their loved ones to untangle.

👉 Don’t wait. Schedule a 15-minute discovery call today.

💞 Estate planning protects everyone you love, even when your spouse disagrees. I can help you get started.📞 Schedule you...
06/04/2026

💞 Estate planning protects everyone you love, even when your spouse disagrees. I can help you get started.

📞 Schedule your complimentary 15-minute discovery call today.

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Orlando, FL

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

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+14075041020

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