Building Your Wealth Strategy ~ Planned Giving

The true value of philanthropy lies in the meaning it brings to those both giving and receiving.

A pleasant by-product for a family engaged in charitable pursuits appears to be the value it adds to effective communication of family values among generations.¹

There can be several benefits to building in charitable giving into your estate plan. Many immediate and long-term financial advantages can be offered, along with ways to protect assets intended for your heirs.

Advantages for your consideration:

• • • • +  Making a significant financial gift to the organization of your choice at the time it makes most financial sense for you and your family

        +  Mutually beneficial financial strategy that carries out your wishes the way you intended

  • +  Increasing income for you and other family members

  • +  Retaining control of your assets now and reducing estate taxes in the future

  • +  Income reduction (if needed),  capital gains (possibly avoiding)

  • +  Passing assets to family members at a reduced tax cost

 

Planned giving can be accomplished through executing many different strategies, for example:

• Will/Revocable Trust
• Charitable Lead Trust
• Charitable Remainder Trust
• Charitable Gift Annuities
• Life Insurance
• Estate Trust

All of these strategies should be tailored to your personal situation. If you are involved in or want to donate to a particular non-profit organization, educational institution, or foundation, there are specific strategies an expert can help you put in place to carry out your final wishes.

Ongoing legislative reform may afford existing and new opportunities for planned giving or charitable giving to play an increasing role within your tax planning efforts as well. Keeping up with the latest regulations in this area can add value to your charitable pursuits. If your goals include a philanthropic component, we carefully integrate it within your overall strategy.

If you would like to talk to a BAM Network Advisor about customized wealth management strategies that can help you reach your financial goals,please call us at (866) 417-2211 or submit our inquiry form by clicking here: Find a BAM Advisor.