Legacy Planning
A “serving others” financial plan helps you wisely steward what has been entrusted to you.
A legacy plan starts with "today" and extends beyond your lifetime as your resources are used to help hurting people and their families. Person by person, your legacy plan makes an eternal difference.
The resources provided here will help you. Our legacy planning team also stands ready to assist.
If you have questions, please contact us at contact@loholight.me. Thank you.
Legacy Planning Tools
Make a Will
Making a Will allows you, as a steward, to make decisions for the benefit of your family. A Will can leave a lasting legacy for those you love and want to inspire. It might be easier than you think.
Charitable Annuity
Many seniors make a substantial gift to Love & Hope that provides them a generous fixed annuity for life. A Love & Hope Charitable Gift Annuity also comes with helpful tax benefits. Using appreciated stock for this gift also avoids the impact of capital gains tax.
Stock Gift
Giving appreciated stock to Love & Hope instead of cash can produce superior tax benefits. This gift enables many people to give more than they otherwise could have by reducing their ordinary income taxes and avoiding capital gains taxes.
Give From Your IRA
If you are 70½ or older, you can give your required minimum distribution (or any amount up to $100,000) from your IRA as a tax-free rollover gift. Many people also name Love & Hope as a beneficiary of their retirement plan, avoiding significant tax upon their death.
Asset-Based Giving
Giving the right asset, or a portion of an asset, can impact the lives of many in a bigger way than you ever thought possible. With a legacy plan in place, more will go to ministry, and less to taxes. In some cases, your cash flow could even increase.
Legacy Planning Info
If you would like to haver a discussion with one of our financial planning team members, we’ll be glad to visit with you.