Leaving behind a legacy for our family and loved ones is important.
We all want to make sure they are taken care of in some way or form after we aren’t around anymore. An excellent way to help care for the future of your loved ones is through estate planning. Charitable giving is one important aspect of financially planning for the future of your estate. Not only does it help others, but it also helps relieve the taxes on your estate as well. Ask one of our financial consultants about how donations help improve your overall estate plans.
Gift Giving Process
Charitable giving can come in many different forms. Essentially, donations are made by either a person or organization to charities, non-profits or private institutions. They’re usually given in the form assets, such as automobiles, cash, checks, clothes, estates, etc. In order to receive tax deductions from your charitable gifts, all donations must be documented and made to the formerly mentioned donation recipients.
If you’re interested financial consulting regarding which kinds of donations will be suitable with your financial plans, call our estate planning company today.
Giving and Estate Planning
Although it should never be a reason for making a donation, charitable giving is always beneficial! In almost any charitable case, you’re helping not only others, but also yourself. Whether it’s your own self-esteem or alleviating your finances from taxes, gift giving has a tendency be personally beneficial as well. When it comes to estate planning, our financial consultants can inform you on how giving helps. Here are just some of the perks of being generous:
- Help others
- Reduce your estate taxes
- Income tax deductions
- It’s simple; donations can be made in many ways/forms
- A great way to remember someone; create a memorial fund
Giving is a great social responsibility that helps everyone, especially if it can help you leave a legacy behind for your loved ones with proper financial consulting. Let our estate planning company help you finance your assets so you can leave the type of legacy you’ll want for your family and friends.
Call and talk to one of our financial consulting professionals today to learn more about charitable giving and estate planning.