A Donor Advised Fund is an investment account that is specifically designed for charitable giving. It is efficient, simple, and provides flexibility and options. While not the only way to give to charity, it can be among the best ways to ensure that the charity receives the money the donor wants it to have without risk of an estate plan being misinterpreted or not created in time or correctly. Read More
There are many ways to contribute to charity. While time and talents are popular, as are donations of specific items, giving money is still the most common way that people provide options for charities to use. If you want to give money without tax concerns, or you want to leave money to charity as part of your estate or retirement plan, you have some excellent options. One of those choices is to contribute directly to a charity through your IRA, which can allow you to avoid paying taxes on that money. That helps your financial situation and also provides more money for the charity to appreciate.Read More
When you have appreciated stock or stock mutual funds and you want to gift them to charity, you can easily do so. But you also have to consider whether that is the best choice and whether you will get the kinds of tax breaks you are hoping for. In some cases you may find that the expected tax deduction is not what you can actually take, and that there may be better ways to gift money that allow for larger deductions or a better financial picture. Here are three things to consider before you gift mutual funds to charity.Read More
Charitable remainder trusts (CRTs) are irrevocable, and they have the added benefit of providing potential income for the donor or for a beneficiary named by that donor, along with providing money for a charity that the donor feels should receive assistance or monetary help. The donor can also choose more than one beneficiary to provide income for, and more than one charity to leave money to, depending on that donor’s preferences and goals. These options help with estate planning and charitable giving, but also with an income stream and retirement funds.Read More
2nd Opinion Service
In order to help people achieve their financial goals, we have created a complimentary second-opinion service. We’re pleased to offer you the same expertise and guidance that our clients have come to expect.Read More
There are many ways to give to charity, and one of those is through your estate plan. If you decide to do this, you will want to make your wishes known clearly and distinctly, so you can have the peace of mind that comes with proper planning for the future. There are a couple of different ways you can make sure a charity is getting the donation you want them to have as you plan your estate. Adding them to your will or trust, or naming them beneficiary of an IRA or 401K account, are both options, depending on how much you plan to leave them and what investment vehicles you currently have.
Naming a Charity as a Will or Trust Beneficiary
An easy way to achieve charity goals is to name a charity or charities as part of your will or trust. You can name the charity as a beneficiary as either a fixed dollar amount or as a percent of the estate.
Naming a Charity as an IRA or 401k Beneficiary
Treat the Charity as another child?
Another option to consider is treating an important charity as a part of the family, or like a child. For example, if you have two children and you want to provide for them and also donate to charity, one of the ways to do that is through making each child and the charity equal beneficiaries. That can be done with wills, trusts, IRAs, 401k options, and a number of other great ways to give.
The first step is to contact us to schedule your complimentary Discovery Meeting. Most clients find the financial planning process to be stimulating and enlightening. The end result, of course, is greater peace of mind. We look forward to helping YOU build a brighter financial future!Read More
At Aurochs Financial we are always looking for ways to better the client experience, so we have recently updated our website! Please check out our new website today and see how we can help you plan your financial future! Read More
The following two articles provide insight as to how we, as a fee only comprehensive planner, are worth the investment in financial planning.Read More
Aurochs Financial are Fee-Only financial planners. All conflicts of interest regarding compensation are removed. We do not accept sales commissions; we work solely for our clients. Because we do not sell financial products such as investments and insurance, there are no third-party relationships or outside influences to taint our thinking and financial recommendations.Read More