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TAX-WISE ESTATE PLANNING

Want to increase your income and minimize capital gains tax? We can help. Whether single, married, or planning for retirement years, the future of those you care about most will be a reflection of plans made today.

Appreciated Assets — Gifts of appreciated stocks, bonds, mutual funds, and other securities can help you avoid capital gains tax and receive an immediate tax deduction.

Wills and Bequests — A simple way to make thoughtful gift. It can be a dollar amount, a percentage of your estate, or what is left after providing for all other beneficiaries.

Revocable Living Trusts — Similar to a bequest, revocable living trusts can also provide tax substantial savings by eliminating the need for probate of your estate, and, in the event of your incapacity in the future — eliminating the need for a guardianship.

Life Insurance/IRAs — You can name the Abilities Foundation to receive all or a portion of the proceeds of a policy which is no longer needed for family protection, or take out a new policy naming the Abilities Foundation as beneficiary. You can also name the Abilities Foundation as the beneficiary of all or a portion of the proceeds from your individual retirement account, pension, or profit sharing funds.

Charitable Gift Annuity — Pays you a guaranteed, fixed income for life of 6%, 9% or 11%, based on your age. At your death, the balance of the annuity goes to the Abilities Foundation. When you purchase an annuity, you receive a current income-tax deduction based on the projected value ultimately passing to the Abilities Foundation.

Charitable Remainder Annuity Trusts and Unitrusts — By creating a charitable remainder trust, you receive an income for life and a tax deduction for the value of the remainder interest that will ultimately pass to the Abilities Foundation. Trusts are exempt from capital gains tax, so you can completely avoid capital gains tax by funding your trust with highly appreciated stock. An annuity trust provides a fixed income for life, while a unitrust provides income based on the annual value of the trust assets, which allows your income to rise as assets increase in value.


ATTENTION REAL ESTATE INVESTORS!

Do you own houses, apartments, or condominiums that you have held long-term? If so you might consider donating these units to the Abilities Foundation. In exchange, you will avoid or delay capital gains tax and may receive a substantial tax deduction for the fair market value of the property.

We would be delighted to show you the benefits of any of these or other planned giving methods. Contact 727 538-7370, Ext. 345 to arrange a presentation. Please note this information is not intended to serve as tax advice. Consult your tax advisor or attorney before making any planned gifts.