FINANCIALLY
Speaking
1.
Jeffrey M. Orth is a
Chartered Financial
Consultant, a Certified
Advisor in Senior Living,
and an Investment Advisor
Representative, with over
20 years of experience as
a business and personal
planning, insurance,
and wealth management
specialist. Jeff is available for
group lectures and private
consultations. Visit integrated-
financialbenefits.com or call
408.842.2716.
Leaving a Legacy
M
any of us have been lucky enough
to grow up in a great country with
ample opportunity to both survive
and fl ourish. Many of us have been blessed
beyond what we ever imagined, and now have
a desire to share some of our good fortune with
others. I believe most people want to feel like
they have made a difference in the world, but
they are simply unsure about the best way to
do it.
Legacy giving is all about thoughtful and
efficient giving that continues beyond your
own life. There are a number of different
strategies that you could deploy, but the key
is finding the one that best fits with what you
want to accomplish now and once you are
gone.
Here are some examples of tools that we
have used both separately, and in concert with
each other, to help people achieve their long-
term charitable goals:
• Add a second life to a Life Insurance
Policy
• Gifting a highly appreciated asset
directly to a charity
• A Charitable Remainder Trust used
with an Irrevocable Life Insurance
Trust
• A Charitable Gift Annuity
• A Charitable Lead Trust
• Donor-Advised Fund
• Amending an existing Will or Trust
2919693RB_Jan22
• Changing a benefi ciary or Contingent
Benefi ciary on an investment or bank
account
• Use of Required Minimum Distribu-
tions from an IRA or other Qualifi ed
Plan to fund a life insurance policy
that will benefi t a charity
This is just a partial list—there are many
other options as well. Each of the strategies
mentioned here could be used for different rea-
sons and which one is used depends to a large
extent on what you want to accomplish. Here
are some of the more common goals:
• Save money on income, capital gains or
estate taxes
• Increase your current income
• Make a signifi cant gift to the charity
of your choice, while passing more to
your loved ones
• Make a larger gift to a charity by giving
more effi ciently
• Direct your money to specifi c causes
that are important to you
• Be recognized for your generosity
• Teach your children and grandchildren
the importance of philanthropy
The key here is to sit down with profes-
sionals who will take the time to listen—really
listen—to what you want to have happen with
your accumulated wealth. These attorneys and
financial professionals may be able to help you
map out the strategy that is best for you.
In my experience, informed people make
better decisions. With that in mind, please
consider talking with people who can help you
make an informed decision about the future
of your assets. Let a professional(s) help you
establish “Your Legacy” so that you are able to
continue to make a difference in the world long
after you are gone.
*Be advised that life insurance policies and annuities are
subject to certain costs, limitations, and terms and condi-
tions for keeping policies in force.
Jeffrey Orth is a Registered Representative of, and Securities and Investment Advisory services are offered through Hornor, Townsend & Kent, LLC., (HTK),
Registered Investment Advisor, Member FINRA/SIPC, 16845 Von Karman Ave, Suite 225 Irvine, CA 92606 (949) 754-1700. Integrated Financial Benefits
Network is not affiliated with HTK. This does not constitute a recommendation to purchase any specific product or service. HTK does not offer tax or legal
advice. Please consult a qualified advisor regarding your individual circumstances.
8
GILROY • MORGAN HILL • SAN MARTIN
SPRING 2020
gmhtoday.com