Estate Planning

IRA Gifts: A Tax-Wise Way to Support the Franciscans

Estate Planning

Friars Jeremy Harrington and Phil Wilhelm serve in the Detroit area. Supporting the Franciscans There are many benefits of making IRA gifts to the Franciscans. With an IRA gift, you can: • Transfer up to $100,000 tax-free, so…

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Who knew? August is National Make-a-Will Month

Estate Planning

Photo by Katie E from Pexels Deciding if you need a will More than half of Americans don’t have wills. But do you really need one? If you answer “Yes” to any of these questions, then you need…

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Donor-Advised Funds grow in popularity. Find out why.

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…

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Four Good Reasons to Donate Stock to Charity

Estate Planning

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…

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Does Your Estate Plan Measure Up?

Estate Planning

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…

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Start Planning for Your 2021 IRA RMD Now

Estate Planning

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…

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Should you still make IRA gifts in 2020?

Estate Planning

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…

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Common estate planning mistakes you should know

Estate Planning

  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…

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August is National Make-A-Will Month. Who knew?

Estate Planning

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…

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10 steps to protect your family

Estate Planning

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…

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