PLANNED GIVING – Fulfilling
Your Wishes, Ensuring a Legacy
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FEATURE -
Many Can Now Benefit from New IRA Rollover Legislation |
On August 17, 2006, President Bush signed into law pension reform that could benefit many with Individual Retirement Accounts (IRAs). It affects those aged 70-1/2 and older who are required to take annual withdrawals from their traditional IRAs or Roth IRAs. Congress now gives the option of donating such funds directly to registered charities without the normal tax consequences--up to $100,000 in 2006 and 2007. Since retirement assets like IRAs are the most highly taxed portion of one's estate--up to 70 percent--you may find it advantageous to move these assets out of your estate now. |
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You can benefit by making a planned charitable gift and help reach
the world through the "JESUS" film.
What
is "planned giving"?
The term refers to charitable giving that is planned ahead of time. These
gifts can be advantageous to the donor by providing significant tax benefits
and/or income for life and at the same time providing a gift for a well
loved cause, The JESUS Film Project. A variety of methods used to make
these gifts range from simple bequests made in wills to setting up charitable
trusts.
Benefits
of planned gifts:
- Avoid capital
gains tax
- Reduce the donor's
income tax
- Increase current
income for the donor or others
- Make a significant
gift to The JESUS Film Project
- Pass assets to
your family at a reduced tax
cost
Click
to view details of the types of
planned gifts available:
Resources
to help you plan:
For further
information or answers to your questions,
please feel free to call our Gift
and Estate Planning Team toll
free at 1-800-449-5454. We can provide you with additional information on the variety of plans outlined
and we can guide you, in consultation with your
advisors as needed, to the best options for you.
There is no obligation and the call is toll free,
so call us today. You can send an email to: info@gcfccc.org.
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