For Nick and Lyn Casale, the reason behind their decision to support St. Francis Hospital is deeply personal. For 48 years, St. Francis Hospital has been diagnosing and healing many members of their immediate family, extended family and friends.
We're getting a little older and we find ourselves thinking about the future a lot more than we used to. Not just our future and that of our children, but also the future of Catholic Health, a health system we've believed in and supported for so many years. We want to be sure that it will still be doing its job long after we're gone. So, a few years ago, we decided it was time to start making definite plans to help ensure Catholic Health's future as well as that of our family.
I bought a lot of life insurance when our family was young. I wanted to be sure that Bev and our children would be taken care of should anything unexpected happen to me.
Well, thankfully I'm still around. Our children are grown and settled, and Bev and I did a little better financially than we ever thought would be possible when we were starting out. We came to realize our family no longer needed all the life insurance coverage I was carrying for them.
We wanted to make a gift to Catholic Health in addition to our annual support - a commitment that would make a lasting impact on the health system our whole family loves.
But we weren't sure how to do it. We can't afford to give away large sums while we're alive, and our children are counting on receiving most of our estate. Our financial advisor came up with a creative solution. He had been looking over the annual statements from our IRAs and retirement plans.
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