Beth Stipe, Executive Director of the Community Foundation of North Central Washington
These are scary and uncertain times. We are being asked to keep a distance from our friends and fellow community members, we feel isolated at home, and we worry about the health and well-being of our friends and family. We wonder how the economy is going to rebound from all of this, and when we will feel a sense of normalcy again.
It is understandable then, that many of our donors are asking themselves some tough questions: Do I have my affairs in order? Will my loved ones be cared for should something happen to me or my spouse? Are my financial assets allocated in a way that will minimize risk but perhaps take advantage of the bear market? How can I best support charitable causes at this time when I know my community needs it most?
If you find yourself asking these questions, you are not alone. You are also fortunate to live in a community with an abundance of trusted professionals who can help you navigate the complicated answers to these questions. At the Community Foundation of NCW, we have the privilege of working with dozens of professional advisors who assist clients with estate planning, financial planning, and tax-smart strategies. They see the value that charitable giving provides their clients—as well as the community—and we work with them to help their clients meet their charitable goals. To help you find a Professional Advisor, we have compiled a list on our website at https://cfncw.org/professionaladvisorlisting/.
If you’re like me, you’ve cancelled your travel plans and find yourself with more time on your hands to tackle some projects that have been easy to put on the back burner. Now is a good time to sit down (or set up a virtual meeting) with a professional advisor. Below is some guidance for setting up those meetings:
When is it time to see a Professional Advisor?
If you are thinking about creating or updating your will
If you are interested in the tax-benefits of charitable giving
If you are planning retirement and want to learn more about creating income streams through a charitable trust
What type of Professional Advisor should I see?
Attorney: Visit your attorney if you need to write or update your will, consider creating a trust, or find out how to create income streams during life while also leaving a legacy.
Accountant: Visit your accountant to explore ways to meet your charitable goals while also making tax-smart decisions.
Financial Planner: Visit your Financial Planner to figure out how best to achieve your giving goals within your overall financial picture.
The list of Professional Advisors on our websites includes a wide variety of attorneys, accountants and financial advisors throughout North Central Washington. Remember, choosing a Professional Advisor is an important decision. Take time to find the right fit and make sure to do your research and ask the right questions. If you are not sure where to start, please call us here at the Community Foundation of NCW. We are happy to help you find the right path.
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