Planned Giving provides an important way to leave a legacy for your family and provide important support to charitable organizations dear to your heart.

If you already have an Estate Plan in place, or as you decide which type of Estate Plan is most beneficial in fulfilling your needs and those of your family, please consider the impact you can make on the lives of seniors and disabled adults in your community.

Types of Estate Plans

A Will identifies individuals and / or institutions that will receive your possessions after you have passed on. A will enables you to name a guardian for children under 18, provide burial instructions and make gifts to specific charities. A will must go through probate upon your death.

A Living Trust, combined with a will, enables you to transfer ownership of property to a trust that you control throughout your lifetime. Technically, because you no longer “Own” the transferred property, your executor will avoid probate delays and unnecessary costs when you pass away. Assets held in trust will then be distributed according to your instructions.

A Charitable Remainder Trust allows you to convert highly appreciated assets, like real estate and stocks, into a lifetime income source. One benefit is that you do not have to pay capital gains taxes on the sale when you die. Instead, the remainder of the trust’s assets goes to your designated charitable organization.

A Life Insurance Trust allows your beneficiaries to still receive the proceeds from a life insurance trust, while removing the value of this insurance from your taxable estate.