It has been said that the United States is one of the most generous countries in the world. This is evident by the number of charitable organizations that rely heavily on the generosity of individual donors. Every charity works to build a solid foundation of benefactors who give substantial sums for long periods of time. But what happens when a faithful benefactor passes away and his or her annual donations stop? Some people want to continue their support by including their favorite charity in their estate plans.
Our Charitable giving program can help you to
Leave assets to your beneficiary
Continue to support your favorite charity
Reduce or eliminate taxes at your death
Change is part of life that can have a profound effect on insurance and financial planning goals. Many people fail to evaluate the changes in their lives related to their financial goals, and thus, fail to keep their strategies current. Like any other financial assets, investment and life insurance should be reviewed every few years to make sure they still meet your changing needs and retirement goals.
Many factors may influence the effectiveness of your financial and insurance strategies. including but not limited to:
Purchase of a home
Inheritance or other financial windfall
Job or business change
Birth or adoption of a child
Death in the family
Disability of a family member
Completion of financial obligation (debt, child support payments, etc.)
At Hogan Taylor, we realize the effects that changes in your life may have, and are committed to helping you keep your financial strategies up-to-date. Our primary goal is to evaluate your current needs, your life circumstances and your goals, and then make recommendations that will benefit you in the long term.
Wealth Transfer Planning
There are many ways to transfer wealth, and people with enough assets to be subject to estate tax should consider wealth transfer strategies while they are living. Some methods of transfer could be as simple as gifting or as complicated as family limited partnerships. Regardless of the method of transfer, you will need a professionally coordinated plan to maximize your benefits and reduce the probability of mistakes.
Some common wealth transfer mistakes
Improperly Owned Life Insurance
Too Much Joint Property
Leaving Everything to Your Spouse
Leaving Retirement Plans to your Children
Equal versus Equitable Distribution
At Hogan Taylor, we have the professional staff to drive the planning process from beginning to end and monitor the plan once it is complete.
Areas We Serve
Grand Strand/Myrtle Beach, SC
Charleston Trident, SC
Hilton Head, SC
Greater Wilmington, NC
Greater Charlotte, NC
Research Triangle (Raleigh/Durham/Chapel Hill), NC