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David Harrison

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    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

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    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

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    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

  • Hume Lake

    “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

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    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

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    What is a Donor Advised Fund?

    Looking for great tax benefits from your giving? By David Harrison, Director of Gift & Estate Planning A Way to Encourage Multi Generational Generosity There has been recent press about Donor Advised Funds (“DAF”) and many large investment companies have entered the market. A DAF is a fund created to receive donations from a person […]

    Comments Off on What is a Donor Advised Fund? January 1, 2015

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    Make Your Estate Plan Reflect Your Family and Your Values

    How much should I leave for my kids in my Will or Trust? How Much Should I Leave for My Kids? I am frequently asked if I recommend any online or legal software programs to “self-do” your Will or Trust. My answer is usually “no” because those programs aren’t created to reflect your unique family […]

    0 comment October 7, 2014

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    God’s Provision through Legacies

    Legacies with Eternal Impact Over the past few months, Hume Lake has been the beneficiary of several of our friend’s legacies as they went home to be with our Lord. I would like to tell you about a couple of these generous and faithful friends. One gentleman had heard about the ministry of Hume Lake […]

    0 comment July 3, 2014

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    How to Get the Most “Bang for Your Buck”

    Giving Appreciated Assets I am often asked how to get the most bang for the buck when giving to charity. The answer can really be very simple. If we give to charity, appreciated assets such as stock, mutual funds or real estate, we can avoid the capital gains tax and Medicare surtax. This will allow […]

    0 comment March 31, 2014

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    How To Earn Income From Your Gift to Hume

    This past summer, many asked me about Charitable Gift Annuities (“CGAs”.)  A CGA is a gift to a charity whereby the charity agrees to pay back to the donor, income for a single or joint lifetime. CGAs are best suited for individuals over the age of 55 as a high-income replacement for low earning savings […]

    0 comment October 14, 2013