Make a Difference That Endures – Thompson Von Tungeln

Can you believe the Holiday Season is upon us? We wish all of you a Merry Christmas and Happy New Year.
Life can be so busy and hectic these days, it’s more important than ever to take a moment to reflect on and cherish the things that are important to us. The Holiday Season is also a time for giving and making a difference that endures.
Whether it is a desire to secure a legacy, make an impact, give back or inspire others, custom tailored planned giving solutions can not only provide significant tax benefits but also financial security and flexibility for you. Options include:
• Bequest Programs: A simple way to include a charity in your will or trust, specifying a gift amount or percentage of your estate upon your passing.
• Charitable Remainder Trusts: CRTs allow you to (1) sell highly appreciated assets like property or stocks tax-free, (2) provide income to you or your family for life, (3) receive an income tax deduction or partial cash-out, and (4) give the remainder to charity.
• Charitable Lead Trusts: CLTs provide income to a charity for a set period, with the remainder going to you or your family. CLTs can reduce income taxes and provide a gift to your family later.
• Qualified Charitable Distributions: QCDs allow you (70½ or older) to use your required minimum distribution (up to $105,000/year) directly from your IRA to charity tax-free.
• Bargain Sales: With a bargain sale, you sell property to a charity for less than market value allowing you to receive some cash and a tax deduction.
Want to learn more about how you can make a difference that endures? Call us at (661) 945-5868 for a free initial consultation. Happy Holidays!