Some people are hesitant to talk about planned giving because they don’t know very much about it or what they do know is based on misunderstandings. Planned giving can actually be simple to understand The Kiwanis International Foundation wants you to be informed, so we’re here to debunk some myths about planned giving and provide you with the facts.
Myth: Planned gifts are complicated and confusing!
Fact: There are many options on ways to give a planned gift that best fulfill a donor’s goal, and some of these are very easy. One of the simplest is a bequest. For steps on how to include the Kiwanis International Foundation in your will, contact Steve Hinson, manager of major and planned giving, at [email protected] or +1-317-217-6234.
Myth: I’m too young to worry about making a will.
Fact: Planning your estate is an important step for individuals at any stage in their life. Meeting with a certified estate planner or financial advisor can help you ensure that your intentions are carried out and establishes a plan to receive the best tax benefit for your assets.
Myth: Just leaving money for charity in my will will help with taxes.
Fact: Different assets can have significantly different tax implications on your estate. For instance, your retirement plan may still face taxes while cash resources may not. A certified estate planner or financial advisor can be a valuable partner for you in determining your strategy.
If you have more questions about planned giving, please contact Steve Hinson, manager of major and planned giving, at [email protected] or +1-317-217-6234.