Many reasons to give, many options for giving
When two people fall in love and become one in the holy union of marriage, they typically share all that is to come, including material wealth. Most couples hold wealth in joint ownership. A few with considerable property might plan to separate assets in order to conserve taxes or maintain administrative protection. Yet in most cases, people commingle their property because it reflects their attachment and commitment to each other.
There also exists an emotional attachment, especially in connection with “objects of our bounty.” Generosity and giving are natural expressions that communicate the message “I love you. You belong to me.” Giving can flow both during life and after.
Those who hear the call of God’s love through faith have similar connections that often transcend human ties. For some, generosity steps up from the conviction that all they have is a gift. For others, the desire to share and give comes from deep within the heart. Sadly, decisions to act on such aspirations often don’t get made because of a lack of knowing how to proceed or the resolve to get started.
All of us have more options to structure gifts than is often understood. A relevant question to ask is: “What is the most effective way to give in each circumstance?” Answering this question often requires advisors who understand methods and vehicles that govern economic, tax and legal processes. But we find that many people don’t discuss this with their professional advisors. This means they may miss the best ways to match their generous intent with the optimal charitable vehicle.
Have you ever thought about seeking spiritual counsel on these gifting issues as a part of the process?
Charitable advisors can help you align your hopes for blessing others with the most effective financial strategy for your particular situation.
For more information, contact Scott A. Radden, LCMS Foundation gift planning counselor, at 618-977-4049 or email@example.com.