Estate Planning: Putting Together the Pieces of the Puzzle

Estate Planning: Putting Together the Pieces of the Puzzle

3 Pillars of Gift Giving

When it comes to goals, most people want to pay as little tax as possible at their deaths and therefore maximize the amount that will get paid out to their families. This takes us to one very big and misunderstood fallacy – the erroneous belief you have to choose between your family and supporting your favourite charity, which couldn’t be farther from the actual truth.

The reality is that there are many different ways you can do both. As a result of integrating some plans for charitable gifts, you might even enhance or increase the benefits to your family by saving money in taxes and via the charitable tax receipt.

Estate Planning is a critical component of your Financial Plan. All the pieces of the puzzle need to fit together, creating a picture that makes sense and gives you clear, concise information about how each piece works together. If you would like to learn more, I invite you to read my newest blog article, Estate Planning: Putting Together The Pieces of the Puzzle, where I discuss tax planning, wills, powers of attorney, and probate! 

Till next time,
Betty-Anne Howard / Athena Wealth and Legacy Solutions

 

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The 3 Pillars of Gift Giving to our Communities: Prepare, Plan and Prosper

The 3 Pillars of Gift Giving to our Communities: Prepare, Plan and Prosper

3 Pillars of Gift Giving

Most people wonder about how best to support their favorite charities and want to better understand the processes involved to have an impact while reducing their income and estate taxes. Let’s look at the 3 pillars which are; Prepare, Plan and Prosper. 

Prepare: In many instances, you can leave more to your family when you die when using strategies that incorporate gifts to your favorite charity. Did you know that?  Most of us don’t, which is why Almonte Hospital Foundation has been providing donors and supporters access to webinars on this popular topic of how to reduce income taxes and eliminate estate taxes while ensuring you and your family are well taken care of. Our next event will be in person in the Autumn of 2022 to be held at the Orchard view Retirement Home, please let us know if you’d like to receive an invitation to attend this hugely popular event.

Plan: Most of us want to know – do we have enough saved and invested to see us through our lifetime? Great question, and that’s where a comprehensive financial plan can help answer that question along with projecting what your tax liability will be at your death. You can then determine how much and in what way to incorporate charitable giving into your overall retirement and estate plans. 

Prosper: Did you know that when we give gifts to others we release a “feel good” hormone into our brains that makes us happy? In addition, what we’ve found is that the majority of people want to live long and happy lives as well as making a difference in the world, our communities and the lives of others. Getting involved with your favorite charity, identifying the needs of your community coupled with the extreme sense of well-being that comes along with doing this, helps us all to prosper.

Till next time,
Betty-Anne Howard, Athena Wealth and Legacy Solutions

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Good To Know – Financial Life Planning Tips from Betty-Anne Howard, Athena Wealth and Legacy Planning

Good To Know – Financial Life Planning Tips from Betty-Anne Howard, Athena Wealth and Legacy Planning

Our fight or flight response is automatic and part of our amygdala, that part of our brain that dates back centuries and was meant to protect us from saber tooth tigers. Given our evolution you’d think that that part of our brains would no longer be active however, it’s still very active and that’s a good thing, in many situations! 

For example, if we find ourselves in a burning building or if our senses tell us someone is getting too close for comfort, our brains alert us to take action, to run or defend ourselves.  

But thinking about or discussing the topic of money can sometimes elicit a similar response. It could be that the perceived threat that creates our fear or anxiety is being triggered because we’ve avoided addressing our money situation, or what we’re doing with our money and how we’re intending to take care of our needs in the future. 

What we’ve also found is this; people’s fears are often much greater than what is warranted. In fact, fear and anxiety interfere with our ability to think things through in order to obtain a clear picture of what is.  

We need to be aware of these emotions and find ways to constructively deal with them to recognize that we do have a relationship with money that is unique to each of us.

We want to encourage you to find ways to approach money as your dance partner (not the saber tooth tiger!) and recognize that any dance we learn with a partner starts off rather tentative and awkward. In time, the more we engage and practice the steps based on whatever dance we want to learn, we can improve and enjoy the experience. 

Till next time

Betty-Anne Howard / Athena Wealth and Legacy Solutions

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Play4Dads Hospital Lottery to support quality health care for men close to home

Play4Dads Hospital Lottery to support quality health care for men close to home

A picture containing text that read Play4Dads.ca with a picture of an ATV

Almonte General Hospital Fairview Manor Foundation today launched a new online lottery featuring more than $30,000 worth of prizes, all chosen with ‘Dads’, and the men in everyone’s life, in mind.

Play4Dads Hospital Lottery features six weekly draws with the final, seventh, grand prize draw for a CFMOTO 600 (2 person) ATV taking place Friday, June 17, just in time for Father’s Day,” said Rob Scott, Chair of the AGH FVM Foundation.  “Imagine winning ‘Dad’ a full suite of Milwaukee Cordless Power Tools, brand new Callaway Men’s Golf Clubs, Red Blacks Season Tickets or an ATV.  Win or lose, all proceeds from this lottery will help the Hospital and Manor purchase new equipment helping to ensure men (and women too) in our community have access to high quality health care close to home.”

Visit www.play4dads.ca to see a full list of the six weekly early-bird prize packages and purchase tickets; one for $25 and five for $100.  The first draw takes place Friday, May 6 at noon.  Early-bird winners remain in for all subsequent draws leading up to the grand prize draw for the ATV.

All Play4Dads prizes have been sourced locally with the exception of the Red Blacks Season’s Tickets.  “All prize providers gave us the best deal they could,” said Al Roberts, Managing Director of the AGH FVM Foundation.  “That way more of the profits go directly to the Hospital and Manor.”

“We’re always so appreciative of the many ways community members chose to support our Foundation,” said Mary Wilson Trider, President and CEO, Almonte General Hospital and Fairview Manor.  “Most people still don’t know that the money received from the Ministry of Health to operate the Hospital and Manor does not cover the costs of replacing old or purchasing new clinical equipment.  We count on the generosity of volunteers, donors, ticket buyers, event participants and corporate partners to contribute through fundraisers like Play4Dads to fund our ongoing equipment needs.”

Special thanks to the following corporate partners for helping support Play4Dads: Throttle Power Sports, Levi Home Hardware, Milwaukee Power Tools, Patrice’s Independent, Crooked Mile Brewery, Sam’s Barbershop, Calabogie Motor Park, Red Blacks (OSEG), GilligalouBird  Store, Oldies 107.1, Lake 88.1 and 20eight.ca

Al Roberts, CFRE
Managing Director, AGH FVM Foundation
613-277-6203

“Dr. McGarry is truly my Guardian Angel!”

“Dr. McGarry is truly my Guardian Angel!”

Barb Ingram presented a Guardian Angel pin to Dr. McGarry at the Ottawa Valley Family Health Team Clinic in front of Dr. McGarry’s supportive co-workers and friends.

“I would like to name Dr. McGarry as my Guardian Angel. I have been a patient of hers for 12 years, and Dr. McGarry has been there for me more in the last few years. Dr. McGarry really went above to help me as much as she could even getting me a new Skin Dermatologist. Whenever I went to see her if she didn’t have the answers she would find someone who did. As far as I am concerned Dr. McGarry is my Angel by far and I’m glad that I have had the pleasure of being her patient.”

Dr. McGarry called Barb a “tremendous patient” who was always so nice pleasant to the staff. Dr. McGarry said she was touched that Barb would take the time to recognize her as a Guardian Angel.

Dr. McGarry accepted the Guardian Angel pin on behalf of the whole team stating that she couldn’t do her job without the support of her co-workers. “I work with a group of angels.”

Learn more about the Guardian Angel Program.