There are many ways to give…
The easiest way to make an impact is to include us in your will or trust with a gift of cash, property, or a portion of the estate, which are paid through the execution of your will.
A specific bequest names a fixed dollar amount in your will or living trust as a gift. It is paid from the general pool of assets in the estate or trust, so it does not require that there be cash or securities to cover the gift amount (as long as the value of your assets is sufficient).
A percentage bequest distributes a percentage of the value of your estate assets. Because the value of personal assets can rise and fall, it is often simplest to designate a percentage of your estate. This ensures that if the value of your estate changes, your gifts will remain proportional to each other.
A residual bequest distributes all or a portion of the remaining balance of your estate after all other bequests are paid.
These assets often carry an income tax burden if paid to a beneficiary, but not if paid to a tax-exempt organization.
STOCKS, BONDS, AND MUTUAL FUNDS
Even if stocks have appreciated greatly, you can claim a charitable deduction for the full market value and reduce your income tax liability.
Be sure to consult your personal tax and financial advisors about these options.
If you wish for your gift to be used for a specific purpose, we can work with you and/or your attorney to help draft appropriate language.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
Join the Broads Legacy Circle simply by letting us know about your commitment to include Great Old Broads for Wilderness in your will, trust, or other estate plans.