December 2007 Newsletter

Click this link for your November 2007 issue of Planned Giving Mentor in PDF format. This issue starts with some of the basic foundation activities to consider when beginning a planned gifts effort, it is an excellent review and another fact filled issue.

A complete collection of past Connell & Associated authored PG Mentor articles along with other useful items check out Planned Giving Mentor.

As planned gift officers we deal with life expectancy issues. Can you name the top three countries in life expectancy? Do you know how the life expectancy of US compares to the rest of the world? Does the US rank 1, 3, 8, 13, 23, 31, 44, 52, or 63. See the answer using the folllowing link?

Estate planning is a roller coaster ride as the exemption amount is scheduled to increase in 2009 from $2.0 million to $3.5 million, with elimination in 2010 for one year. This will change planning strategies from reduction and/or elimination of estate taxes to a strategy of the effective use of capital gains issues, and estate planning for children and grandchildren. Even with the elimination of the estate tax in 2010 families will face a hefty capital gains tax bill as new rules replace the current basis for inherited property. PGOs need to prepare your understanding of the new options and motivations to establish charitable remainder unitrusts for the ultimate benefit of your charity.

The role of life insurance will also change and make it available as a major future support for charities.

We are all living longer and that effect the ultimate return from planned gifts. A 65 year old today can expect to live another 19 years compared to 1950 when the expectancy was 14 years. There is a 52% chance at least one member of a 6 5 year old couple will reach age 95.
Note: Please check the current events link to see my contact information thru February 16, 2008.

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December Newsletter

 

 

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