Charitable Gift Planning

 
"The most grateful of all virtues is to develop the habit of giving something every day as per your ability."
Author Unknown

Charitable Gift Planning - What are the Benefits to You?

 

Not only will you achieve peace of mind knowing your gift will make a difference but you will also receive tax benefits.  If you purchase the insurance policy and name the charity as beneficiary or have your estate gift the insurance proceeds to the charity, the charity will issue a charitable receipt when it receives the funds.  If the charity owns the policy and you make the premium payments on the charity’s behalf, the charity will issue a charitable receipt each year for the amount you pay. 

In both situations, you can use the receipt on your tax return to reduce the amount of tax you pay.

 

  (250) 390-1995  1-800-668-7558
 Zulak Financial Group Ltd. 

 

 

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