A: There are ways to make charitable gifts that preserve some assets for family members. If you are concerned about your family’s reaction to decisions you are making, however, it may be wise to discuss your desires and financial options with the family prior to creating gifts.

Two of many options you might consider are the creation of a lead trust and the transfer to a charity of a life insurance policy.

• A lead trust donates a portion of the trust’s income to a charity and, after a specified period of time, transfers the remainder of the trust to the beneficiaries you designate.

• After transferring a life insurance policy to a charity, the organization pays the premiums on the policy during the remainder of your lifetime. The amount paid-out upon your death then goes to the charity.

When considering these or any financial options, you should always consult a professional such as an accountant, attorney, or financial planner. JCA can assist you with referrals.