Reflections

Have you thought about your gift to the Hi-Line Health Foundation?

A Tax-Wise Approach to charitable giving 

(Strategies for preserving wealth) 

Many individuals feel strongly about extending personal support to causes they believe in. If you’re one, perhaps you’re unaware of the difference such support can make in the effectiveness of your overall financial strategy and estate plan. You may not realize that in instances a philanthropic gift can: 

• Reduce income tax liability during your lifetime 
• Help manage capital gains tax
• Enhance your asset yield 
• Help lower inheritance taxes on your estate 

We would like to describe some of the most frequently used ways of incorporating a program of philanthropic giving into your estate plan. Of course, it is always essential that you seek the advice of your estate-planning attorney, who can help you decide what approach is most suitable for you.