Planned giving is a type of charitable giving that allows you to express your personal values by integrating your charitable, family and financial goals. Making a planned charitable gift usually requires the assistance of the charity’s development professional and/or a knowledgeable advisor such as an attorney, financial planner, or CPA to help structure the gift.
Legacy planning is for when after a person passes away, his or her wealth and possessions are passed on to next of kin or to people or charities specified in a will. If you don’t have a plan in place for your estate, its management might go against your wishes once it is passed on. Legacy planning is especially important for those with small businesses or other assets that require maintenance.(source)
Madison Academy works with the KY-TN Conference Office Trust Services to help families make their estate and trust plans.