Brought to you by:
Christopher Wilcox
McCormick Klessig & Associates
PO Box 66
522 Clermont St.
Antigo, WI 54409
715-627-4302
cwilcox@mccormickklessig.com
www.mccormickklessig.com
About Our Firm:
 McCormick-Klessig & Assoc., Ltd. provides individuals, families, small and medium sized businesses with complete coverage of personal and business risks in all product lines: Commercial Personal Life Accidental and Health ( including group products).
QUOTES from the Masters...
On Potential/Possibilities On Opportunities
"You are capable of going on to greatness in performance -- and you are also in great danger of sliding back into average performance. It's your choice. Which do you choose to do today?" -– Tom Hopkins

"The only limitation in your life is the limitation of your own thinking." -– James A. Ray

"We spend January 1 walking through our lives, room by room, drawing up a list of work to be done, cracks to be patched.  Maybe this year, to balance the list, we ought to walk through the rooms of our lives...not looking for flaws, but for potential." -- Ellen Goodman

 "The richness of life, the love and joy and exhilaration of life can be found only with an upward look. This is an exciting world. It is cram-packed with opportunity. Great moments wait around every corner." -- Richard M. DeVos

"What have you always wanted to do but been afraid to attempt?  Whatever it is, it may be your greatest opportunity in life." -– Brian Tracy

"The secret of success in life is for a man to be ready for his opportunity when it comes." -– Benjamin Disraeli

"Great minds must be ready not only to take opportunities, but to make them." -– Colton

  Estate Ideas

Matching Donor Goals with Charitable Gifts:

There are a variety of charitable giving techniques that can be matched with a donor's goals in making the gift.  These include:

Charitable Planning Goal
Charitable Giving Technique
The Outcome
A quick and easy gift An outright gift of cash, securities or personal property Income tax deduction and possible avoidance of capital gains taxation
A large gift with little cost Name a charity as owner and beneficiary of a life insurance policy Current income tax deduction equal to value of policy; possible future deductions for premiums
Avoid capital gains tax on the sale of an appreciated asset Donate real estate, securities or other appreciated assets Current income tax deduction and avoidance of capital gains tax
Make a charitable donation after death Name a charity in your will or establish a revocable living trust Control of property during lifetime and possible estate tax savings
Donate personal residence, but continue to live there Donate ownership of the home to a charity, but retain the right to live there during lifetime (retained life estate) Charitable income tax deduction and lifetime use of home
Avoid the double taxation (income and estate) of retirement plan assets Name a charity as beneficiary of retirement plan assets remaining at your death Avoids passing a heavily taxed asset to heirs; removes remaining value from estate
Receive a fixed income from assets Create a charitable remainder annuity trust that pays a fixed annual income Immediate income tax deduction and fixed income for life
Receive a potentially increasing income from assets Create a charitable remainder unitrust that pays a percentage of trust assets, which are valued annually Immediate income tax deduction and potentially increasing income for life
Reduce gift and estate taxes on assets passing to heirs Create a charitable lead trust that pays income to a charity for a set term and then passes to heirs Current income tax deduction and potential gift and/or estate tax savings
Supplement income from assets Transfer assets to a charity in return for a lifetime income (charitable gift annuity or pooled income fund) Current income tax deduction and lifetime income
Maintain control over how donated funds are used Donate assets to a donor advised fund or set up a family foundation Current income tax deduction and take an active role on how donated is managed and distributed

Whatever your reasons for giving, matching your charitable planning goals with the appropriate charitable giving technique can help make your gifts more meaningful, both to you and to the charities you choose to support.  Please call my office if we can be of assistance.

MESSAGES from the Masters...
THE POWER OF OUR DREAMS by Dr. Philip E. Humbert

Our heroes have always understood the power of dreams, even when their dreams were delayed or frustrated for long periods of time. They never game up!

Henry Ford went bankrupt before creating the Model T. Peekaboo Street fell and failed and even broke bones before winning Olympic medals.  Thomas Edison failed thousands of times before fulfilling his dream of an electric light, and Abraham Lincoln failed too many times to count before becoming the greatest President America has known. 

Imagine Helen Keller without her unrealistic dream! Pop culture would be very different if Tina Turner had lost her dream when she was slapped down, or if Oprah had given up along the way.

Martin Luther King, Jr. is remembered for many things, but none has been more lasting or more powerful than his proclamation that, "I have a dream!" 

Never, ever stop dreaming! Some dreams will prove elusive, and some will prove disappointing. Some may seem misguided and need to be revised, revamped and revisited. But it is our ability to dream of new and better worlds that makes us human. Our dreams empower us! Our leaders and heroes have always been pulled by their visions, their dreams of possibilities that lie around the corner, just out of sight, but not out of reach. Dream big dreams!
 

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The purpose of this newsletter is to provide information of general interest to our clients, potential clients and other professionals.  The information provided is general in nature and should not be considered complete information on any product or concept described.  For more complete information, please contact my office at the phone number above.

Quest Capital Stratagies 25231 Paseo de Alicia, Suite 110 Laguana Hills, CA 92653-4615 (800) 527-9989 Member FINRA and SIPC  FINRA is located at www.finra.org.   SIPC is located at www.sipc.org.