Planned Giving

The growth and preservation of our wealth for the benefit of our heirs is an important component of many estate plans. Through select planned giving options, individual wealth may be preserved and enhanced for the benefit of heirs, while at the same time providing a current or deferred benefit for Lighthouse Central Florida.  Call Mary Kimbrell at 407-898-2483 for details.

Charitable Lead Trust

A charitable lead trust allows you to provide income from certain assets to Lighthouse Central Florida for a number of years before the principal is then distributed to heirs or returned to you. You may enjoy valuable tax benefits without forfeiting the trust principal, and more importantly, you will gain the personal satisfaction of supporting the Lighthouse Central Florida's needs during the coming years.

If you have a substantial estate and you are concerned about high federal gift and estate taxes, the charitable lead trust may be an option for you to consider. The trust can be established for a term of years, or your lifetime, provide an annual income for Lighthouse Central Florida, and then provide a distribution of the property to your children, grandchildren, and others either entirely free of or at greatly decreased gift and estate taxes. You also can establish a lead trust that returns the trust assets to you after a number of years.

A charitable lead trust offers you a good way to carry out your philanthropic plans over the coming years using monies that might otherwise be expended largely on taxes. You keep ultimate control of the trust assets within your family.

Determining the advisability of a charitable lead trust is a decision that you will want to make with your financial or income tax advisors. Contact us for our recommendation.

Life Insurance

A life insurance policy as a gift  to Lighthouse Central Florida is an extremely cost-effective means of providing support for the Lighthouse while preserving your wealth for your heirs. The leverage provided from the insurance premium in the form of a death benefit to the Lighthouse allows you to save taxes through a charitable income tax deduction.

In concert with your insurance advisor, we can help you decide the option that best suits your financial goals.

Retirement Assets
Recent tax reform has greatly enhanced an individual's ability to accumulate wealth within various retirement plans. Those plans include:

• Qualified pensions
• 401(k) and 403(b) plans
• IRAs

While the rules for distribution of retirement plan assets have been simplified, the fact remains that many of us leave substantial wealth to our plan beneficiaries, which may be subject to substantial income tax penalties. The taxes may leave your heirs with a minor percentage of the plan's assets.

The wealth that you have accumulated in your retirement plans may be preserved through the use of planned giving, allowing your heirs to enjoy the full use and benefit of those assets without the wasting imposed by taxation. Please contact us to discuss the various strategies available to you.

Charitable Gift Annuity

You can secure a guaranteed life income by creating a charitable gift annuity which will pay you (and a survivor, if you desire) a fixed dollar amount when you make an irrevocable gift to Lighthouse Central Florida. The amount is determined by your ages at the time of your contribution. Examples of the current annuity interest rates are in the tables below. The older the person, the higher the rate. The rate remains constant once the gift is made.  Arrangements can be made by calling Mary Kimbrell 407-898-2483 x27