31:8 Project’s Post

$124 trillion in wealth is transferring to heirs and charities through 2048 according to Cerulli Associates. Whether you’re transferring or receiving an inheritance, it’s important to discuss expectations and values to help ensure legacies continue and descendants have a positive relationship with money. Here are actions you can take right away to help secure your legacy: https://lnkd.in/eHDtPNxm. Caring for legacies is our purpose at Hightower Trust Company. Message us to learn how we help advisors and clients every day. #CorporateTrustee #EstatePlanning #FinancialPlanning #WealthManagement #HightowerAdvisors #HightowerTrust

"I often think of wills as kind of your love letter out of this world," shares Doris Bonora, our esteemed Estates & Trusts Partner at KPMG Law Canada. Leaving donations in your will is a great way to leave a legacy to your family and community, Tune in to hear Doris discuss key considerations and best practices for charitable donations in your will. 👉 Watch the full segment on CBC Edmonton AM! https://lnkd.in/g2VnBRsZ

Leave a legacy for your community by commiting 5% of your household assets to charitable causes. Learn how sharing a fraction of your funds can help future generations flourish: <<insert link>>

I'm a trustee for Spark Inside - an organisation that brings together my belief in the power of coaching with an ambition to improve the outcomes for young people in the criminal justice system. Organisations invest significantly in executive coaching for their leaders to support and improve their resilience, personal awareness, confidence and decision making. Spark Inside takes this highly effective approach and extends it to young people who have had none of the life advantages of those in leadership, but huge unlocked potential. 96% of young people who have worked with Spark reported making progress in their lives. In real life terms that meant for one young person: “Every area of my life, [my coach] sat down and helped me realise what I could do better, and I’ve taken that on board. I’ve now got my own business, which I’m building, I have the highest paying job I’ve ever been in by far and I’m in a healthy relationship. Everything is better now.” If you'd like to help unlock the potential of a young person in prison, this week's Big Give will double your donation. So easy to do - just a few clicks, and you could change someone's life. #ChristmasChallenge24 #coaching #change #criminaljusticesystem

Here’s a tax-smart way for traditional IRA owners, aged 70½ or older, to give to charity: Make a qualified charitable distribution.

Here’s a tax-smart way for traditional IRA owners, aged 70½ or older, to give to charity: Make a qualified charitable distribution.

Here’s a tax-smart way for traditional IRA owners, aged 70½ or older, to give to charity: Make a qualified charitable distribution.

This week, I discuss how qualified charitable distribution (QCD) can be a great way to reduce required minimum distributions (RMDs) and optimize the tax benefits of giving. QCDs allow individuals, starting at age 70½ and older, to make tax-free donations directly from an IRA to a qualified charity. https://lnkd.in/eEQ2GRSH

Here’s a tax-smart way for traditional IRA owners, aged 70½ or older, to give to charity: Make a qualified charitable distribution.

Here’s a tax-smart way for traditional IRA owners, aged 70½ or older, to give to charity: Make a qualified charitable distribution.