PLANNED GIVING
Answers to 12 Key Questions That Help Faithful Stewards Use God's Gifts Wisely
Questions 1 through 3
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Our Catholic faith calls us to be good stewards of the blessings entrusted to us. Thoughtful charitable planning can strengthen our parish, care for our families, and often create financial or tax advantages as well. These opportunities are more practical, more flexible, and easier to begin than many parishioners realize. |
QUESTION 1
Can I Give to My Family and My Parish at the Same Time?
Yes. Giving to the parish does not automatically mean leaving less to the people you love.
Many families assume they must choose between generosity to the Church and an inheritance for their children. Thoughtful planning can create a different result. Depending on the assets involved and the way the gift is arranged, the parish may receive a meaningful benefit while family members receive assets in a more efficient form. In some cases, taxes may also be reduced.
The important point is simple: do not assume that giving to the parish must come at your family's expense. A properly designed plan can serve both goals.
Take the next step. Please contact the parish office at 631-585-8760 to begin a confidential conversation about what may be possible for you, your family, and our parish.
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QUESTION 2
Can Charitable Giving Reduce the Taxes I Pay Now?
Often, yes. Some charitable gifts may create a current tax benefit while also supporting the parish.
The result depends on the type of asset, the form of the gift, and your individual tax situation. A direct gift, a gift of appreciated property, a qualified charitable distribution, or a properly structured insurance arrangement may each receive different tax treatment.
Good stewardship includes using available resources wisely. When a gift can support the parish and also reduce taxes that would otherwise be paid, it is worth taking action and learning how the opportunity may apply.
Take the next step. Please contact the parish office at 631-585-8760 to begin a confidential conversation about what may be possible for you, your family, and our parish.
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QUESTION 3
Can a Modest Outlay Create a Much Larger Gift?
Yes. Some charitable plans can multiply the impact of what you give.
Life insurance is one of the most familiar examples. Rather than giving one large amount at once, a donor may make smaller payments over time that can create a substantially larger future benefit for the parish. The presentation describes this simply as a smaller outlay creating a larger, generally income-tax-free benefit for the parish.
This can make a meaningful legacy possible for families who never thought they had enough wealth to make one.
Take the next step. Please contact the parish office at 631-585-8760 to begin a confidential conversation about what may be possible for you, your family, and our parish.
