The 2017 tax season is now underway. As you work to organize your charitable receipts, earnings statements and tax documentation from the previous year, now is also a good time to begin preparing your financial roadmap for the future.
Consider as you review your tax returns, items such as: employment benefits and business interests, bank accounts and other financial deposits, life insurance needs, real estate holdings, investment and retirement accounts, and your will and/or trusts. Ask yourself the following questions to uncover areas that may need some tweaking:
How have your personal needs, or the needs of your family changed?
Often times you will discover that priorities have changed, or maybe life took some unexpected turns. Identify your current financial objectives and seek the advice of a professional advisor who can help structure your assets to best meet your needs.
Is it time to diversify?
Long-term investments that you wish to sell could in turn damage your pocketbook. Be sure to review any tax-savings strategies before making moves in the market. You may be missing out on potential benefits from charitable instruments that provide significant tax savings and/or generate income for yourself or those you love.
Are you meeting your charitable goals?
Maybe a recent experience has triggered a shift in your charitable thinking. Or possibly there has been a change in your earnings, creating opportunity to further your charitable investments. Our planned giving team is here to provide you with assistance on how to use charitable tools to make the most cost effective and impactful philanthropic gifts to support the life-saving mission of Orlando Health.
For more information on how the Planned Giving team can assist you, please contact:
Director of Planned giving & Major Gifts