Ways to Include Charitable Giving in Your Plans
On: 31st May, 2016 // By: admin
Tips for Including Charitable Giving as a Part of Your Legacy
While it’s common to leave your wealth to your children and grandchildren, many people also have interest in leaving a legacy by including charitable giving in their plans. If you have a cause you are passionate about, you may want to consider including a gift that provides a boost to a selected charity or group of charities. It’s a great way to continue the work of your life after you’re gone.
Here are three tips for including charitable giving in your wealth management:
It may seem that a split-interest gift is only applicable in the case of those that have significant wealth. However, anyone that would like to contribute even a small amount of their retirement wealth to a charity can do so.
Ask your wealth advisor about using one of the following types of split-interest gift options:
No matter which option you use for contributing part of your wealth to a cause, be sure to communicate to your children your intentions for charitable giving. It’s always a good choice to communicate with your beneficiaries about your plans, but particularly in this case, it’s helpful for them to hear about your plans. This gives them a chance to ask questions about your chosen charity or cause and possibly even join you in embracing it.
The staff at Aura Wealth Advisors is experienced at helping clients not only build retirement wealth and manage investments, but also at working with clients through a wealth transition. Call Aura Wealth Advisors for an appointment to learn more.