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The following tips will give you a head start on end-of-year organizing (at least where your estate plan is concerned). Review your current will and trusts. Your will and trusts may need to be updated because your family situation or goals changed....
Picture your estate as a pie. When you decide whom you want to share it with, you can cut big slices, little slices or somewhere in between. We talk to many supporters of Spring Creek Church who worry that leaving a gift in their will to Spring Creek Church may...
If you hear “planned giving” or “legacy giving” and think it is for people older or wealthier than you—or that it is just too confusing—check out these common myths and the truths behind them. First, What Is Planned...
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Spring Creek Church as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Spring Creek Church as a lump sum.