Gift-Planning Tools
Each planned giving tool has a variety of features that can be utilized to create a highly personalized approach to charitable giving in your estate plan. In addition to having unique features, many tools can be timed according to your wishes. Some tools allow for gifts to occur in a term of years or at certain events, such as birthdays or deaths. Trusts are usually the most flexible in this regard, and so keeping this in mind, you can make a trust either inter vivos (meaning it takes effect while you are living) or testamentary (it takes effect at your death). Some tools time the gift to occur at your death, and some tools allow the gift to continue on in perpeturity. Considering these options, planned giving grants you more power, more flexibility, and more creativity for your charitable inclinations.
The various giving tools according to features that appeal to the most common concerns givers consider when making their estate plans. Testamentary gifts utilize the tools that are generally the simplest to create and most flexible to change while you are living. These gifts occur at your death. Split-interest gifts employ tools that allow you to retain an income from the transferred asset and can be timed to certain events while you are living or at your death. Family-directed gifts are created through tools that your family can participate in for generations.
Testamentary Giving Tools
A carefully prepared will or living trust as part of your estate plan is one of your estate plan is one of the best ways to ensure that your heirs are provided for in the way that you intend. It is also one of the simplest ways to make a gift while keeping all your assets available during life in case your circumstances and needs change. Your professional advisors and our professional staff can assist you in the preparation of the appropriate documents.
Retirement Plan
Split-Interest Giving Tools
Often referred to as a gift that gives back, split-interest gifts can be an integral part of your overall financial plan. Each can provide income tax and estate tax advantages. The life income stream to you or your loved ones can be tailored to your individual needs. Our professional staff can answer questions about drafting documents, choosing a trustee, and determining what assets are appropriate for use in each type of split-interest gift.
Charitable Remainder Annuity Trust
Deferred Charitable Gift Annuity
Family-Directed Giving Tools
Family-directed giving tools provide unique opportunities for you and your family to gather together to decided on giving opportunities now and in the furture. With planning now, you can create a fund or a foundation that will allow you to teach your children as you participate together in directing gifts to causes that matter most to you. These giving tools are unique; they can exist in perpetuity governed by your values.