KENTUCKY (4/3/14) — According to Mark Weaver, most Americans don’t care what happens to their money when they die.
Weaver, a Certified Financial Planner and president of Tri-State Donor Motivation, spoke the Madisonville Rotary Club on Wednesday and said that 50 to 70 percent of Americans do not have a will; so, upon death, their estate has to go through Probate Court where lawyers and judges decide the fate of your estate.
Weaver (in conjunction with the City of Madisonville, Madisonville Community College, YMCA and United Way of the Coalfield) is promoting Planned Giving Seminars on April 29 and September 9.
Weaver said with proper planning, “people can increase income, decrease taxes, increase family wealth and benefit people and causes that you care about.”
Weaver calls the process “Transformal Generosity” whereby the giver and receiver are transformed by the gift.
Weaver said “$100,000,000 per week was going through Probate Court” in America.
Western Kentucky has excellent examples of gifts that have transformed lives and communities: Glema Mahr, Felix Martin and the Badgett Family. Other smaller gifts continue to benefit students through scholarship and church programs.
Weaver gave an example of two school teachers that had neither earned more than $50,000 per year had given over $10,000 each year to their church and other charitable causes. At death they left a $2,200,000 annuity that funded $100,000 per year forever.
The seminars are free and refreshments will be served.
Planned Giving Seminars will be held on the 8th Floor of Baptist Health Tower, in Madisonville, Ky.
There is no cost to attend. You can use the Financial Planner of your choice.Randy Franklin is a Certified Financial Planner. You can contact him for a free consultation. (See Randy’s Ad this site).
SurfKY News Group
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