Estate & Charitable Gift Planning

Ask Multop Financial a question.

If you’d like to see your wealth preserved for the benefit of your family and future generations after you have spent a lifetime working so hard, professinal estate planning is essential.

Estate Planning is a process that involves your family, professional advisors, and in many cases the charitable organizations of your choice. It also involves your assets and all the various forms of ownership and titles that those assets may take.

As you plan your estate, you will consider:

  • How your assets will be managed for your benefit if you are unable to do so
  • When certain assets will be transferred to others, either during your lifetime, at your death, or sometime after your death
  • To whom those assets will pass

Estate planning also addresses your needs, planning for your personal care if you are no longer able to care for yourself. Like many people, you may think that estate planning is simply the writing of a will. But it encompasses much more. Estate planning may involve financial, tax, health care and business planning. A will is one part of that planning process, but other documents are needed to fully address your estate planning needs. The purpose of this section is to summarize the estate planning process and how it can address and meet your goals and objectives.

As you consider it further, you will realize that estate planning is a dynamic process. Just as people, assets, and laws change, it may well be necessary to adjust your estate plan every so often, perhaps annually, to reflect those changes.

One of the most used tax planning opportunities available is Charitable Gift Planning because it allows you to enjoy not only a sizeable tax deduction, but also the satisfaction of doing something that’s meaningful to you.  Charitable giving allows you to control the timing of your giving in order to best meet your needs and tax plans.  These well-planned gifts can work for you by saving estate taxes while allowing you to provide wealth to your heirs.

Whether your interests include educational, social, religious, art or health care entities, charitable planning will allow you to make a valuable contribution to your community while preserving your own financial future.

You can't take it with you, but failing to plan for your estate can mean that the government, rather than your heirs, may get the major portion of your hard-earned money.

Give us a call today and our team of advisors will work with you to develop a successful estate plan!

Certified Financial Planning