create a legacy of impact

With our Estate Planning Guide and Representative to walk you through the process, you can ensure peace of mind and security for you and your loved ones and continue your impact for future generations.

Often, we’d like to give more to our favorite charitable causes, but there simply isn’t enough resources available. What if you could give a lasting and permanent gift…one with bigger impact than you ever dreamed possible? What if you could do it in a way that honored and protected your loved ones inheritance at the same time? That is possible with a planned gift made through your estate.

If estate planning is something you’re thinking about for the first time, or if you need to update an older estate plan, we have resources and people available to help you.  

We have an experienced partner with expertise in the technical aspects of business transition, retirement and estate planning. All services are complimentary for our Forward Edge Family. Our partner can assist with questions such as:

  • how to sell a property or business while minimizing capital gains tax
  • protecting the way in which your loved ones receive their inheritance
  • minimizing taxation on retirement plans
  • reducing or eliminate estates tax

Need help?

We can help with all of this while significantly including stewardship in the planning decisions you make. If you have questions about estate planning, call 360-558-5889. Or fill out the form below and someone from Forward Edge will contact you.

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Ways you can give

Gifts that provide income back to you

Charitable Remainder Trusts (CRTs) can be one of the most powerful planning tools available as people do retirement and estate planning.

CRTs afford the donor potentially five favorable tax outcomes by virtue of one financial transaction.  They are:  1) capital gain tax avoidance 2) income tax deduction, 3) tax-free compounding 4) income payments taxed favorably, and 5) estate tax elimination (for those people with large estates).

  1. Capital Gain Tax Avoidance allows people to place an asset(s) in a CRT and avoid paying initial capital gain tax in the process. For example, if you paid $100,000 for some property that is now worth $500,000 you can sell the property through a CRT without having to report the $400,000 of capital gain as income.
  1. An Income Tax Deduction is available to those who create CRTs. If you live in Oregon, you are able to receive both a state and federal income tax deduction based upon a portion of the market value of the asset they place in a CRT.
  1. Tax-Free Compounding occurs on the asset(s) that is placed in a CRT. For example, if you place an appreciated piece of real estate in a CRT and then sell it, the proceeds are typically then invested in stocks and bonds.  Any investment growth inside the CRT will occur tax-free for as long as the trust is in existence.
  1. Income Payments Taxed Favorably occurs as people receive their payments from a CRT.  Often, if invested carefully, the person(s) receiving income from a CRT may receive portions of that income taxed at long-term capital gain rates.  For many people, the long-term capital gain of 15% is less than their ordinary income tax bracket.
  1. Estate Tax Elimination can be accomplished for those with large estates. Effectively, the value of the asset placed in a CRT now comes out of the donor’s estate, thereby lowering the donor’s taxable estate.   As an example, if an individual has an estate valued at $5,500,000, and she places a $500,000 asset in a CRT, the taxable value of her estate would be lowered to $5,000,000.

Finally, life insurance can sometimes be a viable part of a CRT plan.  If the donor(s) want their loved ones to participate in the full value of their estate, then creating a life insurance trust with some of the CRT tax savings and additional cash flow can allow loved ones to “remain whole” as it relates to their inheritance.