Capuchin Father Solanus Casey will be beatified on Saturday, November 18th at Fords Field in Detroit, Michigan
Venerable Solanus Casey, an American-born Capuchin priest who died in 1957, will be beatified at a Nov. 18 Mass in Detroit.
Who was Fr. Solanus Casey? Known for his great faith, attention to the sick, and ability as a spiritual counselor, he will be the second American-born male to be beatified.
Americans are generous by nature. If given a chance, most of us would like to leave a lasting legacy -to make a difference in society and to benefit the lives of others.
In the past, leaving such a legacy was generally the domain of a privileged few. Now, many giving options allow almost anyone to make a significant charitable gift. In doing so, you'll not only leave a legacy for the future, but you can also enjoy tax advantages and other benefits today.
A bequest is one of the simplest ways to remember those you care about most. Through a bequest you can designate to your favorite charity:
• A percentage of your estate
• Specific Property
• Residue of Your Estate
• A specific dollar amount
The Pension Protection Act of 2006 created a new charitable planning opportunity. Under PPA 2006, an IRA owner age 70 1/2 or older may make a direct transfer to charity. The transfer may be up to $100,000 in one year.
When it comes to life insurance, it's a safe bet that nearly everyone has it and, eventually, everybody outgrows their need for it. Your reasons for owning certain policies may not be issues anymore, but what effect will these policies will have on your estate? The benefits of your insurances policies may be cut almost in half if left to federal estate taxes. A charitable organization like the Capuchin Franciscan Friars, however, can fully benefit from unwanted or unneeded policies.
Nothing is easier than changing a beneficiary designation to make sure an insurance settlement passes in whole or part to a favorite organization or honorable cause. As a planning option, insurance proceeds can be split among many beneficiaries, but changing a revocable beneficiary designation generates no income tax deduction.
A gift annuity is a simple, contractual agreement between a donor and the Capuchin Franciscan Friars in which you transfer assets to us in exchange for our promise to pay one or two annuitants payments for life. If you itemize deductions in your tax return,savings from the charitable deduction reduce the net cost of the gift. To receive a FREE COPY of our new brochure, The Charitable Gift Annuity: A Simple Gift That Benefits You, Too, please call Carla Patel at 201-863-4036.
A Charitable Remainder Trust is a separately managed Trust established by the donor. Income from the trust is paid to the donor and/or other beneficiary for life and/or a term of years. When the trust ends, principal is turned over the Capuchin Friars, a qualified
The Charitable Lead Trust allows you to pass your assets along to your family with significant estate tax savings while at the same time making a gift to the Capuchin Friars. The donor transfers property to a trust creating an income for the Capuchin Friars for a period of years or for the life or lives of an individual or individuals. At the conclusion of the term, the principal goes to your younger generation family members, with estate or gift taxes reduced or even eliminated.
If you would like to receive additional information on any of the above planned gifts or would like to discuss any other options at no obligation, please contact Carla Patel 201-863-4036. All information you share with us will be strictly confidential.
To make a financial donation, please click here.
The information on this site is not intended as legal, tax or investment advice. For such advice, please consult an attorney, tax or investment professional.