If you enjoy supporting causes and charities, and donate on a regular basis, but want to ensure that you maximize assets for your future beneficiaries, Charitable Gift Planning with Heartland Trust Company can help you to achieve those goals simultaneously.
By planning your gift giving properly, you can donate generously to your favorite causes while also enjoying the tax benefits that come along with giving the gift. Donations can be deducted from your total income tax obligation and you may also avoid paying a portion of your capital gains taxes. Other potential benefits of charitable giving include increasing your current income, feeling good about giving back, and supporting your selected charity.
Other potential benefits of charitable giving include increasing your current income, feeling good about giving back, and supporting your selected charity.
Depending on your financial status and your level of donations, there are several charitable gift planning options available to help you meet your goals:
All of these options are similar, but with slightly different variables. They each involve establishing a Charitable Remainder Trusts that pays income to you or someone individuals of your choosing choice up until the point for a term of years or specified lifetimes, when payments cease, and the balance is then distributed to preselected charities; while Lead Trusts distribute to charity first and the balance to family/individuals. Other charitable gift options include but are not limited to:
If you are interested in developing a Charitable Gift Plan that lets you give back while also receiving the associated financial benefits, call us today at Heartland Trust Company and let’s discuss your goals and options.
Connect with Heartland Trust today to secure your financial future.