You Can’t Take it With You: Consider Charity in Your Final Plans
April 1, 2013
Do you donate money to charity each year? Perhaps you donate to an organization dedicated to finding a cure for an awful disease that has affected your life or the life of your loved ones. Perhaps you choose to benefit organizations that support and encourage positive growth in our youth, such as the local YMCA. Perhaps you are an animal lover and choose to support the local animal shelter or abuse prevention organization. Most everyone has a cause that is near and dear to their heart.
Although charitably inclined, you may be concerned that if you are too generous, you may not be able to comfortably support yourself for the rest of your lifetime. Voltaire, a French Enlightenment writer and philosopher, once said that “the man who leaves money to charity in his will is only giving away what no longer belongs to him.” If you are inclined toward charity, but you wish to ensure that you will have enough money to provide for yourself first, consider making charitable gifts that will take effect only when you have passed away. By doing so, you can ensure that your money will be available to you should you need it, but you can also…
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by: Gina M. Barry