Have you written off planned giving? What if we told you that you don’t have to have unlimited wealth to make a difference through planned giving? With options that fit a range of lifestyles, planned giving allows anyone to leave a meaningful legacy in a way that works for them.
A common misconception about planned giving is that it’s only for individuals with unlimited assets, but it is accessible to everyone. While those with unlimited assets may have more assets to give, planned giving is so customizable that there are flexible options that make it an option for anyone who wants to support a cause they care about.
One way planned giving is customizable is because it doesn’t have to be a cash gift. It can come from real estate, retirement accounts, life insurance, stocks, and bonds. These strategies allow individuals to make significant contributions without needing substantial assets now.
Planned giving can be a preferred way to leave an impact because it doesn’t affect everyday cash flow. That means a planned gift can be established by anyone - from those whose incomes rarely allow for donations to those who consistently give generously every year.
Setting up a planned gift can allow individuals to make more impactful gifts than they may be able to afford in their lifetime. Is this the right option for you? Discuss planned giving with your financial advisor/attorney about the steps to start your estate plan.
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