Three major challenges stand in your way to leaving a legacy.
When you’re thinking about leaving a legacy with your estate, you face three major challenges.
First, taxes can be a source of confusion and frustration. Every asset has the potential to be taxed differently. There are three groups that go after your assets when you pass away: heirs, charity, and ‘Uncle Sam.’ With proper planning, you can choose any two out of these three to bless!
The second challenge of legacy planning is long-term illness. With costs exceeding $100,000 per year for skilled nursing care, you must understand ways to protect your assets from the effects of long-term illness.* Ambassador Advisors’ professionals can help you calculate how much your long-term care might cost, and then ensure you plan appropriately.
The final challenge is lack of communication. Although often overlooked, the impact of your decisions on family members can be massive. Including them in your process and educating them on your core values can be a vital time of growth and a caring expression of love.
* Source: longtermcare.gov
Camp Orchard Hill has partnered with Ambassador Advisors to provide planned giving guidance and estate services for our supporters, enabling Camp Orchard Hill to also Do More®… for many years to come! To learn more about the opportunity to bless your family and the ministry of Camp Orchard Hill, please contact Jim Payne, Executive Director at 570-333-4098 x101.
Ambassador Advisors is a Registered Investment Advisor. Securities offered through American Portfolios Financial Services, Inc. (Holbrook, New York, 631.439.4600), member FINRA, SIPC. Investment Advisory Services offered through Ambassador Advisors, LLC. Ambassador Advisors is not owned or operated by American Portfolios Financial Services. Camp Orchard Hill is not affiliated with Ambassador Advisors and APFS. Please consult your own tax, legal or accounting professional before making any decisions.