What Are Charitable Bequests?
A charitable bequest is a provision in your will or your living trust that all or a portion of your estate is passed to a charitable organization. You don’t have to be wealthy to leave a legacy. Every gift can have a big impact over time! There are many ways to give. It’s important to speak with your legal or financial advisor to learn more.
Why Give Charitable Bequests?
Wills and estate plans are your guarantee that what you leave behind will go where you choose, not where state laws dictates. It is your last opportunity to do good for what you love.
What about my family?
You can decide to leave a gift for your favorite charities and your family. There are benefits for giving to nonprofit organizations that can save or eliminate federal and state estate taxes for you and your family, increasing your legacy in the process.
How do I start?
- Make a list of organizations or causes you would like to give to.
- Make a detailed list of your assets.
- Make an appointment with your attorney or financial advisor.
What can I give?
You can give…
- Retirement Plans
- Insurance Policies
- Stocks and Bonds
- Real Estate