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
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