Philanthropy and Inheritance Planning
Making Your Dreams a Reality Financial Services
For those who want to choose Charity over Taxes
In my nineteen years as a financial planner, I have met so many people who want to be philanthropic, but feel uncertain as to whether or not they have the resources to do so, because they pay a lot of taxes. So, I sit down with people who really want to choose charity over taxes and show them concrete steps for how they can give more and pay less.
For those who want to make mindful & caring decisions about their inheritances:
I am now encountering more people who are receiving inheritances, and feel uncertainty in how best to be stewards of this money. So what I do is, I sit down with people who really want to infuse some meaning into the decisions they make with their inheritances and show them how they can do that with our unique five step process, which I have developed using my nineteen years of financial planning experience.
If you, or someone in your network is grappling with how to be more philanthropic while reducing tax, or the best avenues for their inheritance, please contact me so we can set up a meeting and begin making your dreams a reality!
Further Reading - Philanthropy and Inheritance Planning
What kind of conversations are you having with your financial advisor about your core beliefs, your values, the reasons you like to give and give back? Does your advisor know which of the causes you support are the most important to you? Have you talked about the ways that strategic charitable giving can help you to make the most impact, both now and in the future? Or do most of your conversations revolve around how to reduce taxes?read more
Talking about money matters can be uncomfortable, even for the closest of families. Conversations around where your inheritance will go can be especially tricky. All too often Canadians are dying with a lot left unsaid when it comes to their money; their current will...read more
Many people find it hard to talk about their finances. In fact, a survey by Wells Fargo found that 44 percent of people see personal finance as the most challenging topic to discuss with others, more than subjects like death, politics and religion. May is officially...read more
Written by: Betty-Anne Howard and Michael Caldwell “What does that even mean”? you might ask. Isn’t this something that the rich are supposed to think about, given I’m not rich, that doesn’t include me, does it? Lyndsay Green in her recent book titled The Well Lived...read more
My Mother was pregnant before she married my Father, and was “disowned” by her parents – tossed out of her family home. That early experience of motherhood increased her resolve to never let anything come between herself and her daughter (that would be me). When I was older she would sometimes share how difficult those first years were for her.read more
There are four things we can do with our money, we can Owe (debt and taxes) it, Grow (savings and investments) it, Live (spending, lifestyle) it, and Give (charity and family) it to others. Everything we do with our money can fit into these four quadrants and the focus is placed on maximizing your return on life.read more
Even with a Will, without proper planning, your beneficiaries may not end up with the amount you were expecting them to get. Is that what you want? When most people think of estate planning, they think about having a Will. A Will is a great start, as it usually lays...read more
There is no better time than right now to consider how much charities and community organizations have given to you and your family over your lifetime. Whether you look at the societal benefits of cancer research or admire the volunteers who organized the local soccer league, community has played a big role in many people’s lives. Maybe now is the time to pay it forward for the next generation.read more
John Sutton and Colleen Earle have long been driven to make a positive difference in the lives of others. John Sutton and Colleen Earle have long been driven to make a positive difference in the lives of others. Although that isn’t how they’d describe themselves. Instead they’d modestly say, “it’s important to ‘pay it forward’, we feel so fortunate and recognize that not everyone can say that”.read more
As a business owner, I often get requests to sponsor clients who are, for example, doing a weeks-long trek across some challenging terrain, to raise money for women’s shelters. I even gathered my own sponsors in our tiny village of Lyndhurst in support of the Rejuvenation Committee, by swimming the 3km from one end of our lake to the other.read more