Charitable support is not just for millionaires. Everyone can be a philanthropist (meaning a person who seeks to help others, especially through the generous donation of money). Philanthropy is about a person’s attitude toward giving. It involves both passion and planning. Giving money ...
Don’t forget -- there are more aspects to estate planning than just signing a will. Medical, current financial, and other decisions play an important role also. The differences between the similar sounding living will and living Trust often cause confusion. The first is for medical ...
Jane Goodall said, “What you do makes a difference, and you have to decide what kind of difference you want to make.” A gift from your estate to charity can be one way you make a difference in the world, and leave a legacy of caring. A professional adviser can help you to determine ...
Every day, friends and neighbors are able to turn to non-profit organizations for needed support and services. We rely on a variety of organizations to cure diseases, feed the hungry, educate our children, nurture our faith, present the arts, preserve our history, train our doctors, and ...
Based on West Virginia law, a properly drawn Last Will and Testament assures that a person’s plans for the assets they have accumulated over their lifetime will be carried out and should simplify the administration of a deceased person’s estate. Many people avoid thinking about it, ...
As part of your overall estate plan, it is important to evaluate the accounts and assets that will benefit others through beneficiary designations. Consulting with your financial advisor about the use of such funds can lead to less income taxes being owed by your estate. Even though the majority of estates currently will not have an estate tax liability, most will have to pay income taxes. Many executors are shocked to learn that the top rate of 37% starts at $12,750 of estate income. Minimizing income taxes through better control of the transfer process and its timing is a ...
