Posts Categorized: Giving

Thoughts About Giving: A Will or Trust are Not Enough

If you have a will or living trust, you have taken a major step in seeing to it that your property passes in an orderly, cost-effective way. However, these measures are only effective after you have passed away. It is vitally important that you also plan for those times you are incapable (or unwilling) to make decisions affecting your personal finances or health. A Durable Power of Attorney for finances gives another individual the authority to conduct financial transactions on your behalf. The power can be as broad or as narrow as you specify. It can also take effect immediately or be “springing” – taking effect in the future when health concerns merit it. The selection of the person given control over your finances is exceptionally important because all of your assets are literally at risk. Changes to powers of attorney can always be made so long as you...

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Thoughts About Giving: Is Your Will Still Valid?

Over the years, one question I have been asked frequently is whether a will needs to be renewed. The answer, though simple, leads to other questions. Once a will has been properly executed, it never technically expires. However, our individual circumstances and goals change over time. For that reason, wills should be reviewed periodically. If you answer “yes” to any of the following questions, you should take a fresh look at your will (or living trust). Have you moved to another state? Has an immediate family member died or become incapacitated? Have there been major life events among the people named in your will, such as marriage or divorce? Have you changed jobs or retired? Are all of your children now adults? Are the people given jobs in your will or trust still the best choice to perform those functions? Are there any people who will require additional care...

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Sam L. Cohen Foundation’s Largest Gift Benefits The Cedars

In honor of Sam’s legacy, the Sam L. Cohen Foundation has made its largest gift ever—$1.5 million—to support building a brand-new Healthcare Center at The Cedars that will provide truly person-centered care. “Sam L. Cohen was, first and foremost, a people person. When the Foundation was first established, we researched the gifts Sam had made during his life,” explains Jeff Nathanson, President of the Sam L. Cohen Foundation. “Sam wasn’t here to tell us what he wanted and we hoped to discover what inspired his legendary, lifelong giving to guide us in our grant making. It quickly became very clear to us that Sam didn’t give to organizations or ideas. Sam gave to people.” SAM L. COHEN WAS THE LIFE OF the Jewish community of Biddeford, Maine. He was also its heart. More than ten years after his passing, his gregarious personality—and his generous philanthropy—remain legendary. The Sam L....

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Thoughts About Giving: Obligations, Gifts and Choices

You can do more than you ever thought possible. Planning your estate allows you to both fulfill obligations and make gifts. It’s called sequential planning. Many people begin by considering their obligations—commitments we have made to care for a spouse, children or other loved ones.  Those are listed in your will or trust first. Astonishingly, our assets often allow those obligations to be met with money left over. Once that happens, everything we do with our property is really a gift. This is where The Cedars and other favorite charities come in. Your planned gift to The Cedars helps to provide the long-range stability that is simply not possible through annual giving.  – Daniel Hoebeke, J.D., Charitable Gift Planner For more information on planned giving opportunities, please contact Daniel Hoebeke, J.D., Charitable Gift Planner 207-221-7002 or...

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Thoughts About Giving: Annuals and Perennials

Whether you are an avid gardener of simply water the plants in your window, you know that there are two kinds of flowers.  “Annuals” are the ones you plant every year.  They are beautiful and varied, but come autumn, they are used up.  “Perennials” are those which, when planted once, reappear every year – a gentle reminder that some work pays off well into the future. Perennial gifts may also be called “planned gifts” and include such things as gifts from retirement accounts and will bequests.  These gifts may require a little extra effort now, but they will continue to bloom well into the future.  At The Cedars, those “extra effort” gifts provide a lasting legacy of compassionate care for our seniors. For more information on planned giving opportunities, please contact Daniel Hoebeke, J.D., Charitable Gift Planner...

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Making Bold Plans? Meet Daniel Hoebeke, Charitable Gift Planner

Daniel brings a 40-year career as a charitable estate and tax planning lawyer to The Cedars. Having moved from the San Francisco Bay area two years ago, Daniel is delighted to now call Maine his permanent home.  He lives on Orr’s Island with Ellen, his wife of 45 years. In his spare time, Daniel serves on local charitable boards and is an avid wildlife photographer. “I love seeing the look in people’s eyes when they realize that they can accomplish more in their estate planning than they ever thought possible.” For information on tax-wise charitable giving options, please contact Daniel Hoebeke, J.D., Charitable Gift Planner, dhoebeke@thecedarsportland.org or 207-221-7007...

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The Cedars Celebrates Groundbreaking for the Sam L. Cohen Households

The Cedars welcomed our community to join us in commemorating a powerful and pivotal moment in the Grow Bold With Us Campaign. THE DAY BEFORE the groundbreaking ceremony for the much-anticipated Sam L. Cohen Households, construction crews arrived at The Cedars to begin tearing down a building set on the corner of our campus, clearing the way for the construction to come. By the time honored guests, supporters, community members, staff, and residents arrived on September 21, enormous excavators surrounded the crisp white event tent. The air was charged with excitement, optimism, and change. After so much hope and hard work, the first senior living community to implement the Household Model in Maine and New England was about to be the first to construct a residence specifically designed to be a true home for seniors. CREATING HOME Long before The Cedars broke ground for this innovative new building, our...

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