The Benefits of a Living Inheritance

Aug 29

Creating a gifting strategy to donate assets to non-profits or causes that are meaningful is a standard part of many financial plans – not just estate plans. Giving can begin at any age and is often a family activity.

Just as donating assets to charities while living can be gratifying to the donor and can put funds to work immediately, creating a gifting strategy that transfers assets to family and other people has similar benefits.

• Creates transparency around estate planning, so wishes are clear
• Reduces estate taxes
• Allows for control
• Provides necessary funds for education, business, or medical needs

There are some things to think through, but a living inheritance may simplify estate planning and help you understand what your loved ones need and value – and how you can best help.

Understand Your Own Needs

Life expectancy is longer now, and healthcare costs in the last decades of life can be costly. You want to be sure... ...