Maxzimize Benifits From Your Gifts

As you work with your financial advisors, you will discover that effective estate planning 

often means more than issuing direction for the ultimate distribution of your property.

A variety of opportunities exist that may result in additional benefits 

for you and your loved ones.

For Example:

ENHANCE FUTURE ECONOMIC SECURITY 
FOR YOURSELF

Plan for an income source that will be necessary for your independence and continued comfort, especially during retirement years.
 

CREATE INCOME FOR SURVIVING LOVED ONE

If you wish to provide a loved one with lifelong benefits, planning options are available that produce an income supplement while also saving taxes.
 

PROTECT THE VALUE OF YOUR PROPERTY

It is not unusual for some assets, such as land or prized collections (coins, stamps, antiques, jewelry, etc) to drop in value when owned by more than one person.

For Example, a judge could decree a sale is in order to convert property into easily divisible cash. Perhaps land that has been in yourfamily for several generations would yield reduced values for heirs, or even be sold to strangers.
 

REDUCE EXPENSES

Professional advisors with estate planning experience know ways to diminish settlement cost and delays.
 

EASE THE TAX BITE

Although gift and estate taxes are not a primary concern for everyone, obsolete or inadequate plans can result in much more of your assets going toward tax payments. Check with your financial advisorfor more information about taxes and how they may affect your estate.
 

MAKE A SPECIAL GIFT

As a special friend of Habitatfor Humanity of Summit and Wasatch Counties, you may wish to use your estate plan to designate a gift that will help us continue our mission of providing housing for those in need. Careful planning, coupled with available tax incentives, may enable you to give while also receiving welcome financial benefits for your loved ones.
 

  
Are You Risking 
The Future?

It's easy to overlook something without meaning to. Making a personal, long range plan can fall into this category. So can periodic review of a plan already in place.

Effective estate planning remains an ongoing process. Once you create your plan, be mindful of events that outdate it and have it revised as necessary.

TIE UP THE LOOSE ENDS

For example, what would happen if one or more of your benificiaries were to predecease you? Without preventative measures, some heirs could receive much more than you intended, your possessions could go to distant reltives you never knew, or your assets could become the property of your state. 

One way to deal with this possibility is to name Habitat For Humanity Of Summit & Wasatch Counties to receive that portion of your estate that would have gone to the deceased loved one. In no way would this jeopardize gifts to beneficiaries who survive you, and it would take effect only if specified circumstances should occur.