For retirees looking to lower their tax burden and give back, qualified charitable distributions (QCDs) offer a strategic way to fulfill required minimum distributions, while supporting causes they care about.
Gifting appreciated assets strategically can reduce tax burdens, maximize charitable contributions and preserve wealth for future generations.
A properly managed trust provides financial support to beneficiaries while protecting assets. However, trustees must ensure that expenses align with the trust’s purpose and legal requirements.
As the saying goes, ‘It’s better to give with a warm hand than a cold one.’ Giving generously while you’re alive can be more meaningful and impactful.
Trusts should be in your estate plan if privacy is important to you. Most people don’t know their wills become public documents as part of probate.
When it comes to charitable giving, most donors think of cash—its liquidity and immediate benefits make it a go-to option.
Safeguard your married child’s inheritance with trusts, prenuptial agreements and postnuptial agreements.
There is a lot to consider when deciding what will happen to the vacation property in the event of your demise but there is even more to consider in the event that you would require long-term care.
Managing your money later in life includes defining a destination point for the next generation of your wealth.
Givers are optimistic by nature—they believe that through donations and other charitable activities, they will beget change, even if the result is not immediate or tangible.