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Do men and women differ in charitable giving?

People can vary considerably from one another in their goals for what will happen with their wealth as they get older and when they pass away. Thankfully, there are a wide range of different goals estate plans can be configured towards. Thus, estate plans can be customized to a person's particular wealth goals.

One wealth-related thing that people can differ quite a bit on is the priority they put on charitable giving.

Are there differences between the genders when it comes to how big of priority is placed on charitable giving? Studies suggests there are. Research has indicated that, at all different sorts of income levels, women tend to donate more to charity than men. For example, one study found that, among baby boomers and older individuals, women outgave men when it came to charitable giving by 89 percent. Another study found that women were much more likely than men to express the opinion that wealth's most satisfying aspect was giving to charity.

Do think that, here in Texas, women tend to put a higher priority on charitable giving than men? If so, what do you think are the driving forces behind this variation?

Charitable giving is one of the goals an estate plan can be directed towards. Charitable giving strategy in an estate plan can be tailored to the particular level of importance a person places on charitable giving and the specifics of their situation. Estate planning lawyers can assist individuals with such tailoring and other aspects of establishing an estate plan. 

Source: The Wall Street Journal, "The Gender Gap in Charitable Giving," Debra Mesch, Feb. 1, 2016

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