Legacy Planning

Thoughtful consideration of the legacy you want to leave will have a meaningful impact on you faith, friends, family and community.

 

Planning for your loved ones

Having these important documents in place will protect your family from unnecessary burden. Contact us today to discuss how you can achieve peace of mind for your family.

Will
A document to plan for the distribution of your assets
Living will
A document that explains your end of life medical wishes
Ethical wills and legacy letters
A document that shares your personal experience and values
 

Planning to Help Others

Bequest
A gift you make in your will to a fund or organization that will save you estate tax
Charitable Gift Annuity
A Charitable donation that provides you a tax deduction and payments for life
Charitable Remainder Trust
A Charitable donation that provides you a tax deduction and payments for life
Charitable Lead Trust
Utilize current assets to make charitable donations now and transfer ownership to you or another beneficiary later. This allows you to avoid future capital gains
Retained Life Estate
A charitable donation that you retain ownership and possession of for life
Life Insurance Policy
Make a charitable gift by naming a charitable organization or fund the beneficiary of an unnecessary life insurance policy and receive a tax deduction
Retirement Plans
Make a charitable gift of a retirement policy and obtain large charitable gains while avoiding significant taxes
 

Planning to Help Others will make a meaningful impact on future generations

Gift comparison chart
Gift Beneficiary Tax Advantages Other Advantages
Outright Gift Your parish or other charitable organization
  • current income tax deduction
  • immediate impact
  • observance of impact of your generosity
Charitable Lead Trust Your parish or other charitable organization, remainder to you or your heirs
  • may provide income, gift and/or estate tax savings
  • freezes taxable value of appreciating assets before they pass to beneficiaries
Charitable Gift Annuity One or two annuitant beneficiaries, remainder to your parish or other charitable organization
  • current income tax deduction
  • estate tax savings
  • capital gains tax savings
  • fixed income payments for life for you or someone you choose
Charitable Remainder Trust One or more beneficiaries, remainder to your parish or other charitable organization
  • current income tax deduction
  • estate tax savings
  • capital gains tax savings
  • lifetime payments to you or someone you choose
Bequest Your parish or other charitable organization
  • estate tax savings
  • simple to implement
Retained Life Estate Your parish or other charitable organization
  • estate tax savings
  • current income tax charitable deduction
  • you retain lifetime use of the property
Life Insurance Policy Your parish or other charitable organization
  • may receive income tax deduction
  • may facilitate larger gift
Retirement Plan Assets Your parish or other charitable organization
  • avoid income tax
  • may reduce estate tax liability