Planned giving can sometimes sound complicated. But in reality, a planned gift is simply a gift that you plan to give in the future. Planned giving is a way to support charitable organizations, like North River Church of Christ, by designating gifts using your estate. Like anything else, there are some common misconceptions about making a gift using your estate.
Myth: Planned gifts are complicated and confusing.
Truth: There are many types of planned gifts—most are simple and affordable, like a gift in your will or trust. You just need to find the one that best fulfills your goals.
Myth: My estate has to be large to make an impact.
Truth: By including North River Church of Christ in your estate plan for any amount, you make a lasting impact and a tremendous difference. One option is to leave a residual amount.
Myth: I’m too young to think about making a will.
Truth: Planning your estate is an important step at any stage of your life. A simple meeting with an attorney or financial advisor can help you ensure that your intentions are carried out. Use the Planning for the Future Guide to help you gather the information needed before you visit your advisor.
Myth: Charitable giving’s main benefit is to reduce your tax burden.
Truth: Different assets can have significantly different tax implications on your estate. Your advisor can be a valuable partner for you in determining your strategy. But, more important, giving can be the start of many good things.
We hope we answered some of our questions. As you work your way through the decision making process regarding a gift that is planned, please know that we are here to help. Simply contact our administrative office at 770-792-8133 to learn more about charitable giving solutions for you or to let us know if you have any questions.