LIFE STAGE PLANNING

Under Age 50

At this stage in life, some of the financial issues you may find yourself dealing with are:
• Life goal planning
• Accumulating and preserving wealth
• Managing debt
• Prudent asset management
• Discretionary savings programs
• Funding college for children
• Funding care for parents
• Diversifying investments and establishing a growth strategy
• Creating a simple will and estate plan that provides for heirs and bequests to charity
• Increasing income; increasing debt

Charitable Giving options that you may want to consider:
• Charitable bequest
• Annual giving: Giving of assets by cash, checks, and credit cards
• Charitable gift annuity
• Charitable remainder trusts
• Designating the Foundation for gifts, memorials and special events
• Designating employer matching funds to benefit the Foundation

Under Age 60

At this stage in life, some of the financial issues you may find yourself dealing with are:
• Life goal planning
• Accumulating and preserving wealth
• Managing debt
• Prudent asset management
• Discretionary savings programs
• Long-range planning for retirement and emergencies
• Diversifying investments and establishing a growth strategy
• Creating a simple will and estate plan providing for heirs and bequests to charity
• Increasing income; decreasing debt

Charitable Giving options that you may want to consider:
• Charitable bequest
• Annual giving: Giving of assets by cash, checks, and credit cards
• Charitable gift annuity
• Charitable remainder trusts
• Designating the Foundation for gifts, memorials and special events
• Designating employer matching funds to benefit the Foundation

Under Age 70

At this stage in life, some of the financial issues you may find yourself dealing with are:
• Comprehensive estate and wealth-transfer planning
• Understanding the transfer-tax system
• Learning about wealth-transfer techniques
• Active financial planning
• Increasing cash flow—charitable gift planning helps minimize taxes
• Shifting to income-producing assets
• Assisting children with debt through annual gifts
• Assisting grandchildren with education expenses
• Concern with the financial future of the next generations
• Using trusts and wealth-transfer strategies to achieve goals
• Taking advantage of charitable trusts to optimize family wealth transfers and maximize tax benefits

Charitable Giving options that you may want to consider:
• Charitable bequest
• Annual Giving;:Giving of Assets by Cash, checks, and credit cards
• One-time significant gift
• Charitable gift annuity
• Charitable remainder trust
• Gifts of retirement plans at death
• Designating the Foundation for gifts, memorials and special events
• Designating employer matching funds to benefit the Foundation

Over Age 70

At this stage in life, some of the financial issues you may find yourself dealing with are:
• Maintaining financial stability
• Anticipating healthcare needs and insurance coverage
• Concern about the financial future of younger members of the family

Charitable Giving options that you may want to consider:
• Charitable bequests
• Annual Giving; Giving of Assets by Cash, checks, and credit cards
• One-time significant gift: Cash, check, and credit card
• Charitable gift annuity
• Charitable remainder annuity trust
• Real estate
• Gifts of retirement plans at death
• Designating the Foundation for gifts, memorials and special events

Please note that no information on this website should be considered as the rendering of legal, accounting or other professional advice. Please consult your personal tax and financial advisors before implementing a planned gift to charity, including the Northshore Schools Foundation. These investment options may have specific consequences for your estate planning. As always, we would be pleased to discuss in confidence how your gift can impact Northshore students.