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September 2022
Hope you and your family are safe and well.
People are now more aware than ever of their mortality and the need to get their estate and life insurance planning organized.
One area getting a lot of attention is Family Legacy or what we call going from “Success to Significance”. More than donating cash, cheques and credit cards, we are helping clients protect hard-earned family money often just by converting taxes into charitable gifts and creating many “Accidental Philanthropists™” along the way, through great philanthropic strategies.
We are currently dealing with about 60 charitable organizations across the country. They all share a common desire to raise large endowment funds as soon as possible.
Forward-thinking fundraisers realize the importance of legacy planned giving and recognize that their dependance on an aging donor base is a risky proposition, especially if they don’t have a well thought out legacy planned giving strategy.
Charities interested in developing sustainable future revenue streams are proactively educating supporters about legacy planned giving strategies that allow them to maximize giving while minimizing taxes.
As experts in raising money for charity, we are helping donors convert tax dollars to charitable gifts and we are available to help your organization.
Please contact us to learn more, call me at 416 364 2929 or send an email info@WEALTHinsurance.com |
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People who accumulate considerable assets during their lifetimes often have little understanding of the fact that they will have more money when they die than what they have today.
As “custodians” or “trustees” of family wealth for future generations they usually don’t realize the Canada Revenue Agency (CRA) is their ‘partner’ on that money. They need to know they can choose just 2 of 3 possible beneficiaries: CRA, family or charity.
Most people pick family and charity, and that is why we call them “Accidental Philanthropists™”. They become philanthropists when given the opportunity to leave money to charity and family instead of the tax department.
Read “The Entrepreneurial Philanthropist”, my recent article published in the TaxLetter®. It describes 5 different types of givers and contains a 10-step roadmap for business owners, entrepreneurs, and professionals to obtain maximum benefits from strategic philanthropy in their business. |
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Mishpacha Magazine is the premier weekly magazine of the Orthodox Jewish world, with a global readership of more than 250,000. (FYI “Mishpacha” is a Hebrew word that means “Family”).
I was featured by Moe Mernick in his column titled "9-5" profiling Jewish business and communal leaders around the world.
The title is “A Bad Fall Catapulted Mark Halpern to New Heights”.
It talks personally about dealing with adversity in life and using that adversity to discover great things about yourself and doing something with that new knowledge.
The worst things that happen to us can often become the greatest and most inspiring moments of our lives.
Read the article here: https://mishpacha.com/work-life-solutions-with-mark-halpern/ |
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Our $1 Billion Planned Legacy Giving Campaign |
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We are now assembling a national community of at least 100 like-minded professional advisors (eg estate planners, professional insurance advisors, accountants, lawyers), and non-profits, each with a non-binding commitment to each create $10 million of planned gifts annually.
The math is simple, 100 X $10 million = $1 Billion! This is something we can recreate every year.
Let us know if you would like to be involved. We would love to collaborate and show you how to benefit generous donors.
https://wealthinsurance.com/billion.php |
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Will Power™ is a national movement to educate Canadians on the power they have to make a difference through their Wills and estate planning.
The program was developed by Canadian Association of Gift Planners (CAGP), inspired by a hugely successful similar campaign in the UK.
WEALTHinsurance.com is very proud to have partnered with CAGP on this important campaign when it was just a concept a few years ago.
The initiative has obtained great results.
Even a small percentage of your estate left to charity in your will can have a big impact, while still leaving the majority for loved ones.
Kudos to Laurie Fox of CAGP and her ambitious goal to create $40 Billion of new charity in Canada
More info here: https://www.willpower.ca/ |
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Shaare Zedek Medical Center |
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| WEALTHinsurance.com was the lead presenting sponsor of the annual “On the Slopes for Candy” Ski Day Event in support of Shaare Zedek Medical Center, Jerusalem, at the beautiful and private Alpine Ski Club in Collingwood. |
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Insurance Strategies to Become An Accidental Philanthropist™ |
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How a $10 Million Tax Liability Became a $20 million Charitable Gift |
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Clients recently sold their family business for $60 million, resulting in a tax liability of $10 Million.
We helped them eliminate the entire tax liability and created $20 million of charity.
Read our one pager: Sold the Family Business |
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RRSP/RRIF Tax Converter™
$1 million of Taxes Became $4.5 million of Charity |
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Many charitable people have accumulated significant retirement savings in a Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF).
They usually don’t know that taxes will eat up more than half of those savings.
A $2 million RRSP or RRIF shrinks to $960,000.
If they are philanthropic, they can convert the entire RSP/RIF balance into charity for a cause they care about, their private foundation or their donor advised fund (DAF)
Read our one pager: RRSP/RRIF Tax Converter™ |
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A Life Insurance Donation can cost 12 cents/dollar |
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Need a Keynoter, Host or Moderator? |
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Mark Halpern is an engaging, passionate and authoritative speaker with the ability to break down charitable giving strategies and make them less complex for donors, fundraisers, and estate planning professionals.
He is a sought-after speaker in Canada and the U.S. for insurance industry and non-insurance events.
All speaking fees are paid by event sponsors directly to the charitable causes we designate. We are delighted to have raised hundreds of thousands for many great causes.
Contact us
Recent Speaking Events
AJAG Professional Development
Burlington Community Foundation
Ce-Credits.ca
Community Foundation of Mississauga
Cooperators Insurance
Gardiner Roberts LLP
GTA Accountants Network
Jewish Future Pledge
Lakefield College School Foundation
Sun Life
The Salvation Army- North York Temple |
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ADVOCIS – The Financial Advisors Association of Canada
Co-operators
CE-Credits
Mills & Mills LLP – Barristers & Solicitors
Saskatoon Community Foundation
Saskatoon Estate Planning Council
Sun Life |
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Very excited to share the news about PowerOfPlatinum.com, my training and mentoring program for insurance advisors and other financial professionals.
Now entering our 3rd year, it is enormously gratifying to share my experience and knowledge with other people in my industry, especially in the area of Philanthropy.
Please share this information with your colleagues – let’s raise the bar together.
Thanks in advance |
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Our charitable activities include the design and development of charitable giving programs for many non-profit organizations in Canada and the U.S.
We love sharing unique philanthropic strategies with generous individuals, charitable organizations and like-minded accountants, bankers, lawyers, and financial professionals.
Do you know of an individual or organization who would benefit from meeting us?
Please Contact us to assist with your favourite charity.
We’d love to help.
Thanks in advance for sharing this with members of your network.
They can subscribe to receive this newsletter directly by clicking here.
Send me an email Mark@WEALTHinsurance.com or call me at 416-364-2929
Take care, stay safe, and enjoy the rest of the summer
Mark Halpern, CFP, TEP, MFA-P
Certified Financial Planner
Trust & Estate Practitioner
Master Financial Advisor - Philanthropy |
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