In 50 years, $1.07 trillion is expected to pass from one generation to the next in Ohio. In just 10 years, $160.5 billion will have transferred.
National research projects a $53 trillion transfer of wealth across the United States. But while the averagetransfer nationwide will peak after 50 years, wealth transfer in many Ohio counties will crest in twenty to thirty years.
Much of this wealth is currently invested in family homes and farms, retirement accounts and other appreciated assets - some of which may be heavily taxed if given to heirs.
A one-time opportunity to create permanent benefits for the Tristate region
Ways to give If you are retired, a planned gift from your estate may be more attractive to you and your family than a large gift today. You can leave a permanent legacy of giving, be a source of pride to your family and join others like you—building a stronger community.
Three easy ways to make a planned gift through GCF include:
Designate The Greater Cincinnati Foundation as the beneficiary of your IRA, 401(k) or other retirement account.These assets can lose up to 70% of their value when passed to heirs; changing the beneficiary designation does not involve modifying your estate plan.
Designate The Greater Cincinnati Foundation as the beneficiary of a life insurance policy. There is no need to modify your estate plan.
Ask your attorney to add The Greater Cincinnati Foundation to your estate plan
Talk to us and your professional advisor to learn about all of your giving options and choose the one that’s right for you and your community.
