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- The Pair: Estate Freeze & Legato Plan V2
- 70 Years and 214 Days
- Tax Apportionment in Estate Planning
- Beneficiary Designations and Resulting Trusts Revisited
- Reviewing A Shareholder's Agreement
- Part 1: Legacy Gifting Private Company Shares
- Part 2: Legacy Gifting Private Company Shares
- Life Insurance As Fixed Income Plus
- Smooth Transitions
- Reduce Estate Shrinkage
- Take Time For Your Legacy
- Protect Your GrandChildren
- Another Asset Class
- Take Five
- Inheritance & Taxation
- Cash Me If You Can
- Think Wider
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- Legato 3
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- Look Across
- Lest We Forget
- Partners In Search For A Cure
Legato Impact 25
Charitable Legacy Donations
Successful business owners in their 60s have the opportunity to make a valuable difference to the local charity/charities that are important to them using only a relatively small portion of their financial success. By using this strategy to redirect taxes to become donations, this family could significantly benefit the long-term health of these important organizations while enhancing their family's philosophy towards philanthropy and legacy.
As an example, Legato Impact 25 demonstrates that a 65-year old couple setting aside just $25k annually for ten years from their business savings could achieve these benefits:
- a total of $750k charitable donation(s) to their favourite charity/charities from their estate,
- a $750k charitable tax receipt that can be used to reduce taxes owed by their estate,
- up to $700k of tax-free dividends paid out to the shareholder(s) of their business, for corporately-owned policies.
Impact 25 incorporates two tax credits to convert estate funds that would otherwise have gone to general taxes into charitable donations.
Legato can work in concert with any tax accountants and estate lawyers to facilitate this opportunity on a case-by-case basis.
Successful business owners in their 60s have the opportunity to make a valuable difference to the local charity/charities that are important to them using only a relatively small portion of their financial success. By using this strategy to redirect taxes to become donations, this family could significantly benefit the long-term health of these important organizations while enhancing their family's philosophy towards philanthropy and legacy.
As an example, Legato Impact 25 demonstrates that a 65-year old couple setting aside just $25k annually for ten years from their business savings could achieve these benefits:
- a total of $750k charitable donation(s) to their favourite charity/charities from their estate,
- a $750k charitable tax receipt that can be used to reduce taxes owed by their estate,
- up to $700k of tax-free dividends paid out to the shareholder(s) of their business, for corporately-owned policies.
Impact 25 incorporates two tax credits to convert estate funds that would otherwise have gone to general taxes into charitable donations.
Legato can work in concert with any tax accountants and estate lawyers to facilitate this opportunity on a case-by-case basis.
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