Planned Giving

Here is a form to add a codicil to an existing living trust or will to include a charitable bequest. You may also print an example codicil on this page.

If your goal is to Then you can Your benefits may include Make a quick and easy gift. Simply write a check now, or give through our secure online process. An income tax deduction and immediate impact for us. Avoid tax on capital gains. Contribute long-term appreciated stock or other securities. A charitable deduction plus no capital gains tax. Defer a gift until after…

Advantages and Disadvantages A Living Trust is a legal document that enables you to leave instructions for who you want to handle your final affairs and how you want your assets distributed after you die. Living Trusts look a lot like a will but, unlike a will, a Living Trust does not go through probate (providing privacy concerning assets included…

There are two different types of charitable remainder trusts. Susan and Fred know what hard work is all about. And they have the rewards as a result. Susan: “I was one of the lucky ones. It was a very tough time for me and my family, but they were there when we needed a little help. Did it make a difference?…

All routine expenses – maintenance fees, property taxes, repairs, etc. – are the responsibility of the donor. The donor receives income tax benefits in the year of the gift (the property is irrevocably deeded to the charity) and estate tax benefits. For the purposes of taxes, the property within a retained life estate is divided into two parts: At the…

One very important aspect of planning for the future is to take time to consider your overall financial and estate plans. Many people never get around to making a will or other estate plan, for example, and that’s a real shame because so many good things can come out of the planning process — not the least of which is…

A donor-advised fund, often referred to as a DAF, is a bit like a personal charitable investment account or charitable savings account. It is an account established at and controlled by a nonprofit called a sponsoring organization. The sponsoring organization might be a community foundation or an arm of an financial services company, such as Schwab or Fidelity, established for…

Gifts of Appreciated Stock (or Other Assets) The gift of an appreciated asset, often common stock or mutual fund shares, is a valuable way to make a contribution to a charitable organization and receive tax benefits based on the value of the asset(s). Suppose Richard and Terri had 300 shares of XYZ Corporation that they purchased at $15 a share…

There are several ways you can use life insurance as the basis for a charitable gift. Making the Charity a Beneficiary of Your Life Insurance Policy Because you retain the ownership of your asset (the policy), you will not receive an income tax charitable deduction for this future gift or for your premium payments during your lifetime. The policy’s proceeds…

Norman and Ruth had often put some of their savings into the stock market. They were also employed by companies that had 401k plans. They kept investing and the value of their plans kept growing. They had long been active in charitable giving – One of their first charitable gifts had been a gift of appreciated stock from their general securities account….

Please note, individual financial circumstances will vary. The information on this site is meant as general information and does not represent legal or tax advice. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. IRA Rollover and Qualified Charitable Distributions and Contributions to Split-Interest Gifts…

Why Does Everyone Need a Will ? With A Will Without A Will Some of the reasons people use for not having a will include Source: Excerpted with permission from The Complete Guide to Planned Giving by Debra Ashton,pages 273-4, copyright 2004, Ashton Associates, Quincy, MA 02169 www.debraashton.com.