Do not neglect to do good and to share what you have, for such sacrifices are pleasing to God.
Charitable Bequest Gifts to a charitable organization can be made as part of a will or trust. The most common of all planned gifts is a bequest to a church or organization in a properly prepared will. It is interesting to note that nearly fifty percent of all people pass away without any formal will, therefore developing a wills awareness program should be a top priority for any planned giving program.
Bequests can take several different forms, including:
Percentage Bequests: gifts of a set percentage of the value of the estate
Specific Bequests: gifts of specified dollar amount or property
Residuary Bequests: gifts from what remain in an estate after all other bequests, tax, and administrative costs have been satisfied
Benefits of Charitable Bequests:
Tax Benefits - Eligible for estate tax charitable deductions
Ease - Bequests are flexible, efficient, and easy to update
Recognition - Leave a lasting impact on a charitable organization
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Disclaimer: Please note that we are providing the following for informational purposes only and that individuals should always consult several investment advisers and their attorneys to accurately determine the charitable giving program that is most suitable for their needs.