grandchild and grandparent

5 Ways to Gift Money to Your Grandchildren

The relationship between a grandparent and a grandchild is a very special one. As a grandparent, you want to do what you can to give your grandchild a good life. Many grandparents want to give money to their grandchildren to help them in one way or another. The good news is that giving away the…

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charitable giving

Gifting and Charitable Giving

There are many ways to incorporate gifting and charitable giving into your estate plan. People often make gifts and charitable giving through their estate plan to reduce tax liability for themselves, their estate, and the heirs. This type of planning can also set up a legacy of charitable gifting for future generations. A Massachusetts estate…

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Charitable Giving Through Estate Planning

According to Giving USA, the total estimated charitable giving in the U.S. increased by 5.2% from the prior year to $410.02 billion in 2017. Giving to charity not only makes you feel good, it does good. Many people want to include charitable giving in their estate planning to make it part of their legacy. As…

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Charitable Giving on Your Mind?

In this season of giving, we often think about how we’re giving back to the world we live in. You might donate here or there during the year when you remember to, but you could develop a well-thought-out charitable giving plan that would benefit the charities of your choice as well as your estate. Do…

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Gifts from Grandparents

“When grandparents enter the door, discipline flies out the window.” ~Ogden Nash This quote illustrates the grandparent/grandchild relationship for many families. It is often a joy for grandparents to have the opportunity to “spoil” their grandchildren and give them what their parents can not give them. This can include extra time, unique experiences and it…

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Charitable Giving Through Estate Planning

For many, charitable giving is a way of life. Whether it is to support an organization that has touched your life in a meaningful way, a school or university that put you on the road to success, or simply a cause that you feel passionate about, charitable giving not only offers emotional benefits, but practical…

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Charitable Giving: The Greatest Gift

In this season of giving, it is important to recognize those who give back. Kirk Douglas, widely known for his lengthy career in the movies, can add one more star to his personal walk of fame and that is for his philanthropy. It’s a good idea to consider your charitable giving throughout the year, but…

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Options for Charitable Estate Planning

Childless seniors are more likely to leave money and assets to charity after they die than any other group. If you fit into that category and are wondering what to do with your charitable planning, here are a THREE ways to give back: ESTABLISH A TRUST: a charity (or charities) can be the beneficiary of…

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Debunking Gift Taxes Myths

Many people are confused about the subject of gift taxes. While only two states — Connecticut and Minnesota — have a state gift tax, there is a federal gift tax you may need to be concerned about. Here are some common myths and the actual truths about gift taxes: Myth: The recipient must pay taxes…

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