(Munster, IN) Wills and estate planning are critical, but often overlooked, according to an attorney who spoke about estate planning at a Salvation Army of Lake County seminar April 8.
“Estate planning is more of a life planning process than anything else,” said Gary Bonk local Estate Planning Attorney and Salvation Army Advisory Board Member, who spoke at the free seminar held at The Salvation Army in Munster.
Bonk discussed the importance of putting together a will and estate plan, and answered questions regarding wills and trusts, guardianship and preserving assets for loved ones. The presentation also highlighted the significance of charitable giving.
“Leaving a charitable legacy is important,” said Bonk. “Charitable giving should be a part of any estate plan.”
Planned giving to organizations like The Salvation Army can enable donors to leave a legacy of support for a cause. These legacy gifts can provide tax benefits to donors and allow them a say in how the funds will be used.
Donors who make a legacy gift to The Salvation Army through their wills, trusts and other estate plans are members of the organization’s Legacy Society. These donations play a key role in facilitating resources to support The Salvation Army mission of Doing the Most Good. For more information visit www.salarmygift.org or call (773)205-3525.
Contributed by: Purdue Calumet Public Relations Student, Alexandra Hobby
Pictured above: Players of the Munster Youth Basketball League with Lt. Betsy Clark of The Salvation Army.
The Munster Youth Basketball League completed its 29th season with an impressive community focus. The youth embarked on the first annual “Hoops for Soups” food drive, in honor of Paul Waisnora, Sr., who started the youth basketball league. Throughout their 14-week season, the players collected over 3,000 canned goods and over $500 in donations for The Salvation Army’s food pantry. Read More
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The Salvation Army has reported that donations to the Red Kettle Campaign in Lake County, Indiana, which officially ended on January 31, 2014, were down by 14 percent, raising just $709,000 of the $940,000 needed, while the requests for food and assistance are greater than ever.
To help make up for this shortfall and ensure that The Salvation Army of Lake County can continue to provide our neighbors with the quality programs and services they need and rely on, The Salvation Army will be participating in NWIgives, a one-day fundraising event on February 12, that will unite all communities in Lake, Porter and La Porte counties to support the nonprofit charitable organizations serving our region. Read More
The Lake County Salvation Army fell significantly short of its holiday fundraising campaign goal and now needs to make some cuts to save money.
The three Salvation Army locations in Lake County — East Chicago, Gary and Hammond-Munster — each will have to cut $50,000 in employee and program expenses.
How those cuts will happen has yet to be determined. Read More