75% of families find the whole estate process
intimidating and difficult to understand. (CNN)
Most families don’t realize their options in giving. Just going to an attorney might not give them the opportunities to be generous that a Gift Counselor can provide. Churches can help simplify this process for their members. Listed below are a variety of options for a family to consider in their desire to be generous.
Cash – Maximize the deduction; minimize the gift details.
Securities – Avoid tax on capital gains; afford a larger gift to charity
Real Estate – Make a substantial gift, avoid capital gains tax, receive a large tax deduction
Bequest – Make a gift that costs nothing during your lifetime
Retirement Plan Assets, IRA – Avoid double taxation at death; give tax advantage assets to heirs
Life Insurance – Make a large gift at little cost
Charitable Gift Annuity – Supplement income with steady payments that are partially tax free
Charitable Remainder Trust – Diversify assets, avoid or defer capital gains tax, secure greater income and possible inflation protection
Charitable Lead Trust – Reduce gift and estate taxes on assets you pass to heirs; lower income tax liability; retain control of assets
Have you considered talking to a Gift Planning Counselor about the possibility of working with your congregation? Help your congregation plan their estates and possibly include your church in their plans.
If you would like more information about starting a Ministry of Legacy Giving at your Church or School, visit my online calendar or contact me directly.