Leave a Charitable Gift through Trust & Will
Incorporating charitable giving in your Estate Plan is one of the best ways to give back to the nonprofit organizations you care about most. Donate to any charity of your choice or choose from the most popular, below.
HOW TO GIVE BACK: OPTION 1
Planned Giving in Your Will
The act of planned giving is one of the greatest, most rewarding accomplishments you can strive for in life. If you have charities, causes or organizations that are near and dear to your heart, you may want to consider putting a plan in place, using your Will, to help them in the future. Even if you donate on a regular basis right now, you can use your Estate Plan to create a planned effort that will continue supporting the causes you love, even after you’re gone.
Leaving money to charitable organizations in your Will is easy. And, it means that when you’re no longer here, your Estate Plan will keep your generosity alive and well. It can be a simple step that ensures your legacy is worth more than you may have thought possible.
Planned Giving in your Will is the act of setting up future charitable gifts using tax advantageous, legal strategies. It’s different than just making a charitable donation from your current cashflow. One important distinction is that Planned Giving often comes into play after your passing, and beyond the role of charity, it can offer the added benefit of:
Decreasing estate tax liability
Effectively increasing the amount of an estate that can be passed to your family and loved ones
Donating to the nonprofit organizations you love
HOW TO GIVE BACK: OPTION 3
A Charitable Trust
Another way to take part in charitable giving using your Estate Plan is through what’s known as a Charitable Trust. Setting up a Charitable Trust (or a Split-Interest Trust) is a simple, straightforward way to use your Estate Plan to donate assets to the charity of your choice while retaining many of the benefits you gain by holding those assets during your lifetime. Benefits of a Charitable Trust include:
Providing income to one beneficiary for a set time period (typically a max of 20 years)
Remaining assets will automatically go to a named charity
Removing assets from your estate can reduce tax liabilities
Diversifying your portfolio
Helping avoid capital gains
Currently, Trust & Will does not offer Charitable Trusts; but plans to in the future.
HOW IT WORKS
It’s the smart, modern way to donate to the charitable organizations you care about most.
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Leave a legacy you can be proud of.
Donate to a nonprofit organization of your choice, today.