ABOUT BEQUESTS

You may be looking for a way to make a significant gift to help further the mission of your favorite charity. A bequest is a gift made through your Will or Trust. It is one of the most popular and flexible ways that you can support the cause that matters the most to you.

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CHARITABLE GIFT ANNUITY

A charitable gift annuity is a great way to make a gift to your favorite charity. With this vehicle, you can gift your cash or property to your favorite charity and they will promise to make fixed payments to you for life at a rate based on your age.

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IRA CHARITABLE ROLLOVER

An IRA rollover allows people age 70½ and older to reduce their taxable income by making a gift directly from their IRA.

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Life Estate Reserved

You may desire to leave your home or farm to Gift Planning Services at your death but would also like to receive a current charitable income tax deduction. A life estate reserved might offer the solution you need!

Life Estate Reserved
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Benefits of a life estate reserved

  • You receive a current federal income tax deduction for the present value of the remainder interest in your home or farm.
  • You preserve your lifetime use and are able to use and control the home or farm while you are alive.

How a life estate works

  1. You deed your home or farm to Gift Planning Services. The deed will include a provision that gives you the right to use your home or farm for the rest of your life and that of any other life estate party named in the deed.
  2. You and Gift Planning Services sign a maintenance, insurance and taxes (MIT) agreement to explain that you will do your best to keep the property in good condition and that you will maintain property insurance and pay the property taxes.
  3. When the owners of the life estate have passed away, your home or farm will belong to Gift Planning Services. We will use or sell the property to further our charitable work.

Contact us

To learn more about a life estate, please contact us. We would be happy to assist you and answer your questions.

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