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Again, the $800,000 deferred bequest has grown to $1.2 million, and when combined with $800,000 in charitable distributions, effectively doubled the estate.

In Summary

By revisiting a 30-year-old, oversimplified estate plan, we trade a $1.7 million, lump-sum plan for a series of thoughtful distributions:

$ 100,000 initial cash bequest at death $ 914,000 in annual income distributions

over 20 years $ 1,266,000 in a single distribution after 20 years

$ 2,280,000 AND

Along the way, your client created a $1,800,000 charitable legacy in the family name.

Current Trends in Charitable Planning... A Potpourri of Planning Thoughts

Today’s economic challenges have created a number of planning opportunities in the charitable sector:

1. Falling bank and money market yields are putting pressure on seniors, who face shrinking retirement cash flow.

  • Charitable gift annu- ities may provide increased cash flow on that part of the estate earmarked for charita- ble bequests.

  • Another planning solu- tion for some seniors may be the transfer of an unproductive appre- ciated asset (nondividend-paying stock or unde- veloped real estate) to a charitable remainder annuity trust, where it can be sold and reinvested to provide a 5 percent or 6 percent payout.

    • 2.

      Concerns with the liquidity and safety of some

bonds and mortgage instruments are causing many seniors to re-evaluate their portfolios.

  • Safety in numbers is a longstanding principle. Many seniors are diversifying their holdings for greater peace of mind in this volatile investment market. Ideally, with more sources of income, the retiree will have greater financial security.

Continued on page 4


Congratulations to New Founders

Founders are benefactors whose cumulative gifts or pledges to Baptist Health South Florida Foundation have reached $50,000. With a pledge of $50,000 or more, individuals join the Founders Society and fellow philanthropists in helping to advance medical excellence at Baptist, Baptist Children’s, South Miami, Doctors, Homestead and Mariners Hospitals, Baptist Cardiac & Vascular Institute and Baptist Outpatient Services.

Nancy Griffin Ameglio April & Jeffrey Buchwald Becky & Marc Buchwald Leann & Alejandro Capo June & John Caspersen Michele & Michael Criden Mercedes & John Diaz Nancy & Jimmy Diaz Luisa & George Foyo Daryl & Stephen Fuller Ann Kaufman & Jorge Gomez, M.D. Laura & Jose Gonzalez Susan Ford Hammaker Adrienne Isabel Luedeking Cristy & Steven Marin Lucy & Karl Otzen Lawrence Percival Ruth Pollio Mayra & Luis Rabell Olga & Carlos Rodriguez Becky & David Rosenbaum Janice & Warren Sands Karyn & James Schwade, M.D. Karen & Alan Serure, M.D. Ellen & Bobby Shiver Ferne & Daniel Toccin Drs. Thao & Thinh H. Tran Dorothy & Dr. Richard Wurzelbacher

For additional information on membership or a brochure, contact Stephen J. Parsons, CFRE, vice president and chief development officer, at 786-596-5411.

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