| Type |
What is it? |
What are the tax benefits? |
What are some other benefits? |
| Bequest in Will or Revocable Living Trust |
A gift you make by naming the affiliate in your will for a certain dollar amount, percent or the residuary. |
Reduces size of taxable estate. |
Gives you flexibility in providing for family needs first. |
| Charitable Gift Annuity |
A contract in which the affiliate agrees to pay you back a percentage of your gift annually for your lifetime. |
Immediate income tax deduction for part of gift’s value, capital gains spread out over life expectancy, a portion of the income is tax-exempt. |
Gives you and/or another beneficiary a set income for life. |
| Life Insurance Gift |
A gift of an existing or new policy with the affiliate named as beneficiary and owner. |
Immediate income tax deduction for gift’s value, plus possible estate tax savings. |
Provides a way to make a significant gift with minimal capital outlay. |
| Retirement Plan Gift |
A gift made by naming the affiliate as remainder beneficiary after your death. |
Heirs avoid income tax and possible estate tax. |
Preserves 100 percent of plan’s value and allows you to leave heir’s other less costly bequests. |
| Retained Life Estate |
A donation of your home or farm, but with the right to remain there. |
Immediate income tax deduction for the charitable value of the gift, plus no capital gains tax due. |
Allows you to live in your home or farm and still receive charitable deduction; assures immediate passage of title on your death. |
| Charitable Remainder Trust |
A trust that pays a set or variable income to you or those you name before the affiliate receives remainder. |
Income tax savings from deduction, no capital gains tax liability, and possible estate tax savings. |
Provides guaranteed annual income that could increase if trust value increases. |
| Charitable Lead Trust |
A trust that pays the affiliate an income for a period of years before you or heirs receives the trust remainder. |
Gift or estate tax savings for value of payments made to the affiliate. |
Allows you to pass assets to heirs intact at reduced or even on estate or gift tax. |
| Wealth Replacement Trust |
Life insurance for your heirs to replace the asset funding your charitable gift. |
When properly established through a trust, the insurance passes to heir’s estate tax free |
Tax savings and cash flow from a life income plan may be enough to pay the premiums. |
