Every once in a while you may stop to consider the impact your life has on the people around you. Many people can look at their family and friends, knowing they’ve had a positive influence. Many still yearn to do something more…something deeper for mankind…something positive for God’s Kingdom that will survive the challenge of time.
Often our cash resources are limited. We would 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? And what if you could do it in a way that honored and protected your loved ones inheritance at the same time?
The great news is that this 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. Here are a few great tools to get you started:
In addition, we have a staff representative who is well-versed in the technical aspects of business transition, retirement, and estate planning. While Forward Edge cannot serve as your legal counsel, our staff representative is trained to help in areas such as:
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.
If you’re interested in donating to Forward Edge, but have publicly traded stock that has appreciated in value, it is more advantageous to you to donate the stock rather than the cash. Why? Because any capital gains tax you would have incurred if you sold the stock will be avoided when you give it to Forward Edge instead. Then, if you happen to like that particular stock, you can buy it again with your available cash. Give stock here.
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).
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.