Estate Planning

Br. Philip Wilhelm, OFM, packs up groceries for families in need. Donor-Advised Funds, also known as DAFs, have emerged as a popular tool for charitable giving. Several advantages of using donor-advised funds to conduct your philanthropy include: Favorable…

Giving appreciated stock you have held for more than a year is better than giving cash. If you own stocks that have appreciated since you purchased them, consider these reasons for giving stock to your favorite charity instead of…

What is an effective estate plan? Estate planning is not only for the wealthy. Everyone can benefit from an estate plan that ensures your affairs will be cared for should you become incapacitated during life – and your assets…

Plan ahead Your support has been invaluable to the Franciscan Friars of St. John the Baptist Province, so we want to share how many of our other supporters are making an impact. This year, making gifts to charity from…

Leave a Legacy Before this year’s CARES Act waived required minimum distributions (RMD), IRA owners over 70 ½ could support their favorite charities with a qualified charitable distribution (QCD) and lower their income taxes. But should you still make…

  7 mistakes to avoid While there are unique aspects to every estate plan, most estate planning mistakes fall into well-known categories. Mistakes can occur regardless of the value or complexity of an estate but can often be avoided…

It’s a fact approximately half of Americans do not have wills. Many people think they don’t need an estate plan because they are “too poor” or “too young” or because “everything will go to my spouse when I die…

The COVID-19 crisis has prompted many people to take action and take care of estate planning. Here are 10 steps you can take to protect yourself, your family, and your legacy. 1) Make a will. You state who you…

WHAT CHANGES DID THE SECURE ACT MAKE TO IRAs? STRETCH IRAs ELIMINATED • Previous to SECURE, IRAs inherited by non-spouse beneficiaries could be “stretched” out, and continue to grow tax-deferred, at a rate based on the beneficiary’s life expectancy…

You can support the Franciscans with a stroke of the pen by naming the Province of St. John the Baptist as a beneficiary of your IRA, 401(k), life insurance policy or donor advised fund. Beneficiary designations are simple to arrange,…