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Estate planning should simply be about you, your goals, and the legacy you wish to impart. Too often the focus of estate planning is on the minimization of transfer taxes when it should be focused on identifying those goals that are important to you and your family and then establishing the framework to achieve those goals when life’s journey comes to an end.
Your estate plan and your personal Christian legacy are important to you. To this end, BMF’s goal is to help you be a good steward of the resources God has entrusted to you and to help you plan wisely for the future as you shape your Christian legacy.
Estate planning and transfer tax laws and regulations are often in a state of flux as political leadership and business cycles continually transition. Business Men’s Fellowship USA wants to assist you by helping guide you through to myriad of tax laws and estate planning strategies so that you can successfully secure an ongoing Christian legacy.
It is generally advisable to seek the counsel of a qualified financial professional as you begin this process. You may consult the financial professional, accountant, or attorney of your choice.
If you do not have a financial planner or attorney, you may wish to contact a professional financial planner at (877) 889-9166 for additional information or to set an appointment for a free initial consultation.
Your preliminary, or first meeting with these financial planners is offered as a complimentary service. At this initial meeting, you can discuss with financial planners your needs, wants, and goals for participating in BMF’s Legacy Program.
If more complex financial planning needs are identified through your initial free consultation, planning fees may then be negotiated on an individual basis prior to beginning the actual planning process.
Gifting Assets:
Donating assets such as cash, shares of stock, bonds, mutual fund shares, real estate, and even permanent life insurance can provide significant benefits for both you and Business Men’s Fellowship.
Assuming you have owned the asset for more than one year, you can avoid incurring the capital gains tax that may be due as a result of realizing any appreciation in the value of the asset because the transfer of ownership qualifies as a donation rather than a sale. The fair market value of the asset may be used as the basis for your donation.
Furthermore, contingent upon your individual capital and tax structure, you may be able to deduct your charitable donation thereby potentially reducing your tax liability. The size, equating value, and duration of your donation may vary on the type of asset donated and the basis used to determine the amount of the gift. You should consult a financial planning and/or tax professional to help you develop a better understanding of what this means to you and your legacy.
Please consider BMFUSA as a qualified 501(c)3 charitable organization, as you plan your legacy.
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