Bequests and Estate Plan Gifts

A well-established plan made during your lifetime could help alleviate some of the negative impact taxes can have on assets that have grown significantly during your lifetime. A charitable bequest with a Donor Advised Fund can benefit charities and help reduce your estate tax liability. If you are considering making a charitable gift at death, these estate planning tools can be extraordinarily useful. Before you make any changes to your estate plan, you should always consult your financial, legal and/or tax advisor.

Types of Bequest Assets to Consider:

• Wills & Estates
• IRAs, 401(k)s and Qualified Plans
• Life Insurance
• Charitable Remainder Trust

Benefits of a Donor Advised Fund:

• Cost effective and easy to set up with a simple application
• You can leave a legacy in your family’s name by naming the account (e.g., The William’s Family Charitable Fund)
• A charitable deduction may help reduce your estate tax liability
• We can distribute gifts over time to several of your favorite charities
• Professional investment management from Eaton Vance, whose history dates to 1924

How to Set Up a Bequest:

An application must be completed prior to a Donor’s passing and is kept for record keeping. The account will not be set up until we receive future funding. Please follow the below instructions for this type of contribution.

• Step 1
  Complete a Donor Advised Fund Forms Booklet
• Step 2
  Change the beneficiary designation for your assets. A Sample Language to Designate the U.S. Charitable Gift Trust as the Beneficiary of Assets is provided.
• Step 3
  Keep original application and beneficiary designations with your estate documents and fax a copy of the application to the Administrator.

To learn more, please contact Charitable Marketing at 800-836-2414.