Retirement Funds: The Differences and How to Maximize Them
Retirement funds are a cornerstone of sound financial planning, helping you secure your future while reducing your tax burden. Beyond their immediate financial benefits, these accounts can also be powerful […]
What is the Difference Between Public and Private Foundations?
Foundations are vital in supporting nonprofit organizations in funding various needs and projects throughout their organization and community. Typically, foundations are endowed with funds from individuals, families, or corporations who […]
What is a Gift Acceptance Policy?
A gift acceptance policy is a structured set of guidelines organizations use to determine the types of donations or gifts they will accept. It outlines criteria such as legality, ethics, […]
When Should You Open a Charitable Trust?
Here’s a quick overview of when a charitable trust can be set up, and what to consider if you want to capitalize on tax deductions and timing!
How to Be an Estate Executor or Personal Representative
Are you named in someone’s estate and wondering what to do next? Here, we’ll cover some important terms in estate and legacy planning and what to do if you’re asked […]
What is a Bequest?
A charitable bequest is a direct gift made through one’s estate. It’s what people often mean when they talk about leaving money to heirs–or inheriting assets from a loved one. Bequests are one of the most common ways to make a legacy charitable donation, so it’s good to understand them, whether you’re making one in your own legacy plan or talking to donors on behalf of a nonprofit.
What Is Your Net Worth?
Our clients are often shocked–in a good way–when we tally up their assets and estimate the value of their estate. When making legacy planning-related financial decisions, this is step one. Here’s how to figure out your number!
How to Fund a Trust
Trusts are essential to legacy planning, yet they can be complex. That’s probably why trust-related questions are some of the most common we get from our clients: what are they, how do they work, and how are they funded?
Pros and Cons of a Charitable Trust
Charitable trusts are so powerful, we sometimes call them “give it twice” trusts. But while they mean a huge gift to charity and a tax-efficient income stream to loved ones (or you!), they’re not without some caveats.
4 Tips for Storing and Sharing Your Digital Assets
As legacy planners, we get a lot of questions about how to store important documents, photos, and other digital assets for the long haul…and how to securely share them with […]