Charitable Giving
Create a Legacy through Giving
Our clients turn to us when they want to create legacy plans to benefit the non-profit organizations most important to them. Many of our clients want to see their capital allocated to social causes that improve the collective well-being of their communities, specifically in Tampa. Our team can help you allocate funds to the causes of your choice and show you strategies that can work to lower your overall tax burden.
Over the course of our lives, we all develop different views of the world. In many cases, we choose to give back to the great institutions of art, sciences, government, and education that gave us so much throughout our lifetime. Whatever it is, we’ll help you give something back to the communities that helped you to flourish.
Presently, the tax code offers incentives for gifting one’s assets or incomes. Tax deductions are given for current contributions and, for estate owners, charitable gifts can reduce the size of the estate to help minimize estate taxes.
Oftentimes, an individual will designate a charitable beneficiary in their will to benefit the organization after the individual dies. By using charitable gifting techniques, a donor may be able to benefit the charity while living without having to sacrifice the income that an asset can generate. Understanding how properly structured charitable gifts can provide current benefits for both the donor and the charity could be important for the charitably inclined.
Charitable Remainder Trust
A remainder trust enables the donor to transfer an asset while retaining the right to the income it generates. The asset becomes the “remainder” which is owned by the charity. Remainder trusts, if properly structured, can qualify for a current tax deduction. There are three types of remainder trusts:
Unitrust: A unitrust the income the donor receives is based on a percentage of the current fair market valuation of a trust asset. Each year, as the asset is valued, the income is adjusted based on the new valuation.
Annuity Trust: Instead of a percentage of the asset value, the donor is paid a fixed amount annually.
Pooled Income Fund: Donors can pool their donated assets in a fund that is operated by a charitable organization. The donors then receive a proportionate share of income from the fund that is paid throughout their lifetime. Payments can vary each year based on the valuation of the underlying assets in the fund.
Charitable Lead Trust
Also known as an Income Trust this vehicle transfers the income rights to the charitable organization. Generally, the income rights are assigned for a specified period of time after which the remainder passes to the donor.
Charitable planning involves tax issues that should be discussed with a qualified tax professional.
LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.
Additional Information About Financial Planning
Frequently Asked Questions
Heath Wealth provides Brandon clients with comprehensive financial planning that integrates retirement strategies, investment management, tax-efficient planning, risk management, and estate coordination under one cohesive plan. Brandon families and professionals often come to Heath Wealth for help aligning 401(k)s, IRAs, insurance, and taxable investments with long‑term goals like college funding and retirement income. With more than a decade serving Brandon and surrounding communities, the firm’s licensed advisors follow a fiduciary, client‑first process that includes detailed cash‑flow analysis, goal setting, and ongoing progress reviews. Heath Wealth also stays current on changing market conditions and planning strategies through continuing education, so Brandon clients receive up‑to‑date, practical guidance tailored to their situation.
Brandon clients of Heath Wealth typically see a transparent, clearly explained fee structure before any engagement begins. The firm commonly uses an assets‑under‑management model for ongoing investment and retirement planning, and may offer flat or project‑based fees for focused planning assignments, such as a one‑time retirement roadmap or detailed cash‑flow plan. In our experience working with Brandon households for over 10 years, clients value knowing exactly what they pay and what services they receive, so Heath Wealth provides written proposals, breaks down services line by line, and avoids hidden charges. This upfront approach helps build long‑term trust and allows Brandon clients to focus on results rather than unexpected costs.
Many Brandon residents choose Heath Wealth because the firm combines years of local experience with a disciplined, education‑driven planning process. After more than a decade working with Brandon retirees, business owners, and young professionals, Heath Wealth has handled numerous real‑world situations—such as sudden job changes, business sales, and legacy planning for multi‑generational families. The advisors maintain industry licenses, participate in ongoing training, and use modern portfolio tools and planning software to test various retirement and investment scenarios. Brandon clients frequently cite responsive communication, detailed plan reviews, and clear explanations as reasons they stay with Heath Wealth, along with the peace of mind that comes from a consistent, client‑centered process.
Heath Wealth is generally open to new financial planning clients in Brandon and nearby areas, with availability for both in‑person and virtual meetings. New Brandon clients usually start with a discovery meeting to discuss goals, current accounts, income, and concerns like retirement timing or debt reduction. From there, Heath Wealth gathers documents, builds a detailed plan, and schedules a follow‑up session to review recommendations. Ongoing clients in Brandon often meet annually or semiannually, with additional check‑ins during major life events. The firm emphasizes timely responses, clear next steps after each meeting, and a structured review schedule so Brandon clients know exactly how and when their plan will be updated.
Heath Wealth serves Brandon as a core market, meeting many clients at its local office as well as virtually for added flexibility. Over the years, the firm has worked with individuals and families across Brandon and surrounding communities, including nearby suburbs and growing residential areas where many commuters live. This local focus helps Heath Wealth understand regional employers, common benefits packages, and typical housing and tax considerations affecting Brandon residents. Because the planning team stays active in the community and closely follows local economic trends, Brandon clients receive guidance that reflects both broader financial planning principles and the specific realities of living, working, and retiring in and around Brandon.