Gifts That Protect Your Assets
Increased income may not be your primary objective. Instead, you may be wondering how you will deal with some highly appreciated property or a growing family business as your needs and lifestyle change. Will taxes consume much of the value that you have worked so hard to grow? Will anything be left for you and your family?
We have several options that help you meet your personal planning goals, save taxes, and make a gift to Hartnell College Foundation at the same time.
Here are some of the benefits you can take advantage of:
- You can donate your home, continue to live in it, and get a tax deduction.
- You can contribute a portion of the value of your residence or other property, take a tax deduction, and receive cash or an income stream for life.
- You can receive a sum of cash in return for your gift, and apply the cash toward any financial need.
- You can greatly reduce the estate tax cost of passing appreciating assets on to your children.