| QUOTES from
the
Masters... |
| On Expectation |
On Risk-Taking |
"Realize
that true happiness lies within you. Waste no time and effort searching
for peace and contentment and joy in the world outside. Remember that
there is no happiness in having or in getting, but only in giving.
Reach out. Share. Smile. Hug. Happiness is a perfume you cannot pour on
others without getting a few drops on yourself." -- Og Mandino
"We make a living by what we get, but we make a life by what we give." -- Norman MacEwan
|
"Necessity
is the mother of taking chances." -- Mark
Twain
"The
new frontier of which I speak is not a set of promises – it is a set of
challenges. It sums up not what I intend to offer the American people,
but what I intend to ask of them. It appeals to their pride, not their
pocketbook -- it holds out the promise of more sacrifice instead of more
security." -- John F. Kennedy
"Too
many people are thinking of security instead of opportunity. They seem
more afraid of life than death." -- James
F. Byrnes
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Goals and Charitable Giving |
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There are a variety of
charitable giving techniques that can be matched with a donor's goals in making
the gift. These include:
|
Charitable Planning Goal
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Charitable Giving
Technique
|
The Outcome
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A quick and easy gift
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Income tax deduction and possible avoidance of capital
gains taxation
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A large gift with little cost
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Current income tax deduction equal to value of policy;
possible future deductions for premiums
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Avoid capital gains tax on the sale of an appreciated
asset
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Donate real estate, securities or other appreciated
assets
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Current income tax deduction and avoidance of capital
gains tax
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Make a charitable donation after death
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Name a charity in your will or establish a revocable
living trust
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Control of property during lifetime and possible estate
tax savings
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Donate personal residence, but continue to live there
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Donate ownership of the home to a charity, but retain
the right to live there during lifetime (retained life estate)
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Charitable income tax deduction and lifetime use of home
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Avoid the double taxation (income and estate) of
retirement plan assets
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Name a charity as beneficiary of retirement plan assets
remaining at your death
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Avoids passing a heavily taxed asset to heirs; removes
remaining value from estate
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Receive a fixed income from assets
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Create a charitable remainder annuity trust that pays a
fixed annual income
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Immediate income tax deduction and fixed income for life
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Create a charitable remainder unitrust that pays a
percentage of trust assets, which are valued annually
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Immediate income tax deduction and potentially
increasing income for life
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Reduce gift and estate taxes on assets passing to heirs
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Create a charitable lead trust that pays income to a
charity for a set term and then passes to heirs
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Current income tax deduction and potential gift and/or
estate tax savings
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Supplement income from assets
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Transfer assets to a charity in return for a lifetime
income (charitable gift annuity or pooled income fund)
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Current income tax deduction and lifetime income
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Maintain control over how donated funds are used
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Donate assets to a donor advised fund or set up a family
foundation
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Current income tax deduction and take an active role on
how donation is managed and distributed
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Please contact my office if you’d like more
information on charitable giving.
|
| MESSAGES
from
the Masters... |
ALL LIFE WISHES TO REWARD ITS BENEFACTORS by Jim Rohn
Parents, leaders, employers, teachers and volunteers, have you
discovered one of the great positive mysteries of life? Here it
is - All life seems to wish to reward its benefactor.
If you become the benefactor, you will receive these incredible
rewards. If you are the benefactor to the garden, the flowers seem to
bloom and say, "Look at me. Look how bright and beautiful I am
because you took care of me. I wish to reward you by being
beautiful, lovely, spectacular."
Your own children, if you become their benefactor, they want to reward
you with their progress. I taught my daughters how to swim. And my
daughters would say, as they were about to dive, "'Daddy, daddy watch,
watch, look, look, watch" as if to say; 'look what you have created
here, you've spent the time with me and now look at me. This is
the payoff.' Watch me dive." I was their benefactor.
I have found that all life wishes to respond to the benefactor. The
ones who give their time, give their effort, give their patience, give
their ideas, the benefit of their experience. Whatever has benefited
from that, wishes to respond. The crop wishes to grow. The child wishes
to show you how much progress they've made.
And remember that whatever you move towards tends to move towards you.
Just as when you move toward education, and education starts to seek
you out. Or when you move toward progress and progress seems to want to
now embrace you. You will find that, just as predictably, as you
move towards helping those in your care they will wish to repay you
with their own success and accomplishments.
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in nature and should not be considered complete information on any
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contact
my office at the phone number above. Published by The Virtual Assistant; � 2011 VSA, LP
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