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David Harrison

  • Making the Best Use of the Good Times

    Gifting Appreciated Assets I am constantly on the lookout for creative ways to maximize the gifts that are given to God’s work at Hume Lake. With potential tax changes being discussed and proposed, we are uncertain about the future of the techniques that can offer enormous benefits to those giving. With the recent increase in […]

    0 comment June 26, 2017

  • Getting the Biggest “Bang” for Your Buck

    Avoid Tax on Your IRA Distributions This past December, several Hume friends took advantage of a law that allows you to avoid taxation of your IRA distributions when given to a charity. This provision, called the “IRA Charitable Rollover,” allows you to avoid the income tax while making available up to 100% of those IRA […]

    0 comment March 31, 2017

  • New Year’s Resolutions

    Things to Consider When Updating Your Documents As we enter in a new year, many have expressed the goal of putting together a will or trust, or just updating an existing one to reflect current circumstances. I’ve put together the following simple checklist of items to include and consider.  The general rule of thumb to […]

    0 comment December 29, 2016

  • Alarming Trends in Inheritances

    Stewarding Our Resources & Families Well Having had the opportunity over the past twenty years to visit and work with thousands of families, I have discovered some alarming trends. There has been a tremendous change in the form of inheritances since the 1950’s. For thousands of years, an inheritance represented a means to make a […]

    0 comment October 3, 2016

  • Giving it Twice

    Consider a Charitable Remainder Unitrust During this past year, two couples used an innovative way to secure a lifetime income stream while leaving a gift to Hume Lake. By donating property into a Charitable Remainder Unitrust, these families created a charitable income tax deduction to be used for this year, they by-passed the capital gains […]

    Comments Off on Giving it Twice July 2, 2016

  • An Exciting Opportunity for Fun & Fellowship on the Hill

    The Hume Legacy Society Four years ago we established the Hume Legacy Society to honor, thank, and encourage those who have taken the step of remembering Hume Lake as a beneficiary in their Wills, Trusts, Retirement Plans, Charitable Gift Annuities, or Charitable Trusts. Those families have made it a priority to leave a little something […]

    Comments Off on An Exciting Opportunity for Fun & Fellowship on the Hill April 8, 2016

  • How to Sell You Assets Tax Free

    There are a number of reasons why you might wish to create a charitable remainder trust (CRT). The first may be for capital gains tax savings. When you transfer an appreciated asset to a charitable remainder trust, you avoid capital gains tax on the sale. Because the trust is tax exempt, you can sell your […]

    Comments Off on How to Sell You Assets Tax Free December 30, 2015

  • Getting the Most “Bang for Your Buck”

    Charitable Giving A frequent question I am asked is, “what is the most tax-efficient gift to make?” When determining what asset to gift, a large factor will be the timing of the gift, whether you give during your life or after you are gone. One friend has a saying, “Do your giving while you’re living, […]

    0 comment October 9, 2015

  • “But my Child is Unique!”

    Estate Planning for Your Children and Your Values One benefit of my job is getting to sit down at kitchen tables with families as they share their blessings and concerns. I have noticed while reviewing estate planning documents that well over 95% do not address a family’s Christian values nor the specific issues their children […]

    Comments Off on “But my Child is Unique!” July 1, 2015

  • How to Increase Your Income While Reducing Your Taxes

    Consider a Charitable Remainder Trust As we get older, an important goal is to stabilize our income while reducing our income taxes. A well-established method that allows us to accomplish this goal, while also benefitting Hume Lake, is a Charitable Remainder Trust or “CRT.” A CRT is an arrangement in which property, investments or cash […]

    Comments Off on How to Increase Your Income While Reducing Your Taxes April 9, 2015