Create a Legacy That Reflects Your Values
For many people, financial success isn't measured only by what they accumulate. It's also measured by what they are able to give back.
Charitable giving can be an important part of a broader financial and estate strategy. Whether you support a local organization, a cause that has affected your family or a community you care about, thoughtful planning can help integrate charitable goals with your overall financial picture.
Ascend Financial Partners helps individuals and families throughout Northeast Ohio consider charitable giving as part of their broader financial and legacy planning.
Giving With Purpose
Charitable giving can take many forms, and the right approach depends on your circumstances and goals.
The conversation may involve:
- The causes and organizations that matter to you
- Your current giving strategy
- How charitable goals fit into your estate plan
- How giving may fit within your broader financial strategy
- The legacy you want to leave for your family and community
Questions We Help You Consider
- What causes are most important to you?
- How does charitable giving fit into your overall financial plan?
- How would you like your family to understand your charitable values?
- Should charitable giving be part of your estate strategy?
- How can you make giving part of a broader legacy plan?
Your Legacy Is More Than Your Assets
Legacy planning is about more than deciding who receives your assets.
It can also be about passing along your values, supporting organizations that matter to you and creating a lasting impact on the people and communities you care about.
Ascend can help you have those conversations and consider how charitable goals fit alongside your broader financial strategy.
How Charitable Giving Fits Into Your Financial Plan
Estate Strategies
Charitable goals can be considered alongside your estate and legacy plans.
Tax
Strategies
Depending on your circumstances, charitable giving may have tax considerations that should be discussed with your tax professional.
Retirement Planning
Giving goals can also be considered as part of your broader retirement and income strategy.
Life
Insurance
Insurance may be part of certain legacy-planning conversations, depending on individual circumstances.
Charitable Giving in Northeast Ohio
Northeast Ohio is home to countless organizations, causes and community institutions that make a difference in the lives of local families. Ascend Financial Partners works with individuals throughout the region who want their financial planning to reflect not only their personal goals, but also the causes and communities that matter to them.
Frequently Asked Questions
What is legacy planning?
- Legacy planning involves considering how you want your assets, values and charitable intentions to be carried forward.
Can charitable giving be part of an estate plan?
- Yes. Charitable intentions can be incorporated into broader estate and legacy planning, typically in coordination with legal and tax professionals.
Is charitable giving only for high-net-worth individuals?
- No. Giving can be part of many different financial situations. The appropriate strategy depends on your goals and circumstances.
Can charitable giving have tax implications?
- It can. Tax considerations depend on the type of gift and individual circumstances, so appropriate tax professionals should be consulted.
How can I incorporate my charitable values into my financial plan?
- A conversation about your values and goals can help identify where charitable giving may fit within your broader financial and estate strategy.