Luke Turner, CFP®, CEPA®’s Post

Here are four fast facts about this important part of estate planning: 1️⃣ A beneficiary is the person, people, or entity/entities you name to inherit what you leave behind. 2️⃣ Beneficiaries don’t have to be people. Many wills and trusts name charities or organizations as beneficiaries. 3️⃣ Good questions to ask include: Does anyone depend on you financially? Are you married? Do you have children? All of these may influence your beneficiary choices. 4️⃣ Keep in mind that for some assets, there are two types. A primary beneficiary is the person first in line to receive the benefit. A contingent beneficiary is a backup if your primary beneficiary is no longer alive. Got questions? Drop them in the comments or give us a call. We’re here to help.

🎉 Exciting news! Today marks the official launch date of Vanishing Fathers! - Not only will your purchase help us raise funds for So What Else, but if you email me after your purchase TODAY you will be entered into a raffle for an IPad and pair of Beats Headphones. - Email me at info@trumancharities.com after you purchase the book to be entered into our raffle! - 100% of our proceeds are going to So What Else Youth Programs Link to purchase book is in the comments #VanishingFathers #BookLaunch #SoWhatElse #Raffle #Giveaway

Turn2us - Tackling Financial Insecurity Together is a charity helping people with finding the correct benefits, grants and help whatever your situation: https://lnkd.in/dM_hvWx. School holidays may be tough, you may be struggling with energy bills or cost-of-living, you may have been made redundant - visit the site and use their calculators to see what you may be entitled to. Our Money Advisers have published a booklet: 'Reducing Everyday Living Costs' that may help you to save money - they are also here if you're in arrears or have debts building up. Their advice is to tackle things earlier rather than letting them get on top of you - take a look at how to get in touch: https://lnkd.in/efXWEBhi . . #turntous #turntouscharity #charitysupport #benefits #schoolholidays #costoflivingcrisis #benefitcalculator #moneyadvisers #reducinglivingcosts #livingindebt #debtadvice #moneyadviceteam #moneysavingtips #moneysavingideas

All children, regardless of their family’s wealth, can benefit from being given responsibilities and involving them in the family's financial affairs. Depending upon age it could look like engaging children in household budgeting, saving for family goals, planning a family day out with a set budget, or even deciding which charity they want the family to support from a curated list. At the very least, talk about money at the (physical or metaphorical) dinner table. The key is to provide children with opportunities to actively participate and contribute, enabling them to develop a degree of financial knowledge and a sense of responsibility relating to money. #financialeducation #financialliteracy

A vital part of estate planning is ensuring your beneficiaries are in place. Here are four fast facts about this important part of estate planning: 1️⃣ A beneficiary is the person, people, or entity/entities you name to inherit what you leave behind. 2️⃣ Beneficiaries don’t have to be people. Many wills and trusts name charities or organizations as beneficiaries. 3️⃣ Good questions to ask include: Does anyone depend on you financially? Are you married? Do you have children? All of these may influence your beneficiary choices. 4️⃣ Keep in mind that for some assets, there are two types. A primary beneficiary is the person first in line to receive the benefit. A contingent beneficiary is a backup if your primary beneficiary is no longer alive.

Your donations will not be taken for granted. Our ultimate goal is to reduce our overall expenses by moving to a more affordable apartment. This will provide long-term financial stability and relief from the current financial strain. However, to achieve this, we must first overcome the immediate hurdles of unpaid bills, moving costs, and the security deposit. We are seeking financial assistance to bridge this gap and enable us to secure a more affordable living situation.https://gofund.me/9deee1c4

Maximize Tax Savings with Smart Giving! Some charity donations are fully tax deductible, but not all! Remember, giving back should be your main goal, with tax benefits as a bonus. Here's what to know: 👉 Be Motivated: Give because you care, not just for tax savings. 🧾 Tax Tips: Deduct up to 100% of donations to qualified organizations. 💳 Giving Limits: Understand caps based on your income and asset type. 🔄 Excess Giving: IRS lets you carry forward excess donations for 5 years. 💳 Easy Giving: Explore payroll deductions or automatic contributions. 🙌 Benefits: Giving reduces taxes and supports your community. 📞 Contact charities to optimize tax benefits. To learn more, contact a Financial Advisor today!

I posed a question yesterday: What month 📆 do you think people spend the most money? Most of you hit the nail on the head. It's December. There's obvious reason of giving gifts 🎁 for the holidays. 🎄🕎 BUT, consider what you spend on: 1. Travel✈️ 2. Decorations 3. Holiday meals🥖 4. Donations 5. Wrapping, bows and even tape! It can quickly amass to a small fortune. 💵 So, keep your eyes 👀 peeled through the year for deals to offset your December costs! What strategies do you employ to save money during the holiday season? #budgeting #beproactive #shopthedeals #shopping #moneycoach

Tax Year End Checklist. Have you done what you can to take full advantage of the reliefs and allowances available to you before the end of this tax year on 5th April? If you're a high earner, have you considered: *You may be able to bring your taxable income down by putting more money in your pension or making charitable donations. These can help you to: *Bring your income down below the additional rate tax band, which starts at £125,140. *Hold on to your Personal Allowance, which is slowly withdrawn once you earn over £100,000. *Hold on to your Child Benefit, which is gradually withdrawn if one parent in the household earns more than £50,000 #TaxEfficient #TaxYearEnd

As the financial year closes and the cold settles in, consider paying forward a night's accommodation. 100% of donations go to those in need and pay for accommodation, food and clothes for people leaving domestic violence. Or be bold and get your work team involved in collecting to have a survivor, their pet and children out of cars, and off the streets this winter. Be it for a day, week or month. If you need resources and information please just ask. We can issue tax deductible receipts that can be claimed back on your tax. There is no better time than now to make a difference and help people heal. https://lnkd.in/gwY62264 #domesticviolencesurvior #domesticviolence #taxtime2024 #ithastostop #MakeADifference #TEACHServices