Financial Advisor

How can you leave a legacy for less money? Here is one way of making a major charitable contribution, even if you are not wealthy.

As an example, let’s say you are 50 and in decent health (assuming a 35 year life expectancy). You are able donate $1,000 a year to your favourite charity.

Here is what you could do:

With a donation amount of $1,000 a year, this would cost you $550 per year after tax credits.

The total is $19,250 over a 35 year period that would come out of your pocket. Using our strategy, you could actually end up donating $162,000 to your favourite charity! This is an effective rate of rate (after tax credits) of 10%! Continue reading ‘How to Leave a Legacy for Less: Affordable Giving’ »

When 82 year old Elizabeth G. died her attorneys notified the local animal shelter that they had been named as a partial beneficiary on her life insurance policy. The shelter was to receive a donation of $25,000. The grateful director was taken by surprise! Elizabeth had faithfully given $5 a month for the 12 years that had passed since she had adopted her beloved dog. She had never mentioned her intent to leave such a legacy gift.

What is my return on investment? This is perhaps the single most important question we ask as we contemplate the purchase of stock, interest in a business, a commodity or other financial instrument. There are tables and graphs, projections and prognostications that we have come to rely on when making important financial decisions. Continue reading ‘And When Your Gone? Leaving a Legacy’ »

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