The Neighborhood School
Wednesday, May 22, 2013
Changing the future - one child at a time.
Financial Giving Alternatives
What Legacy Will You Leave?
We all desire to make a lasting difference in our community. We want to live our lives to the fullest with family and friends around and leave a permanent mark where we live.
This search for significance leads us to wonder about the legacy that we will leave behind. A bequest is an easy and concrete means to have a lasting impact on the people and organizations who have meant so much to us. A bequest could be an effective way to give while diminishing tax obligations to our family and our estate.
What Are the Benefits of a Charitable Bequest?
A charitable bequest is a provision in a will or trust that directs a gift to be made to a qualified exempt charity when we pass away. A charitable bequest can support an organization that we have volunteered in long after we have gone. A charitable bequest may also reduce estate taxes by the amount of our gift.
Who Can Help?
A financial planner or an advisor can assist in adding language to a will or trust directing a gift to be made to family, friends or charity as part of the estate planning process.
What Are My Options?
A bequest may be in the form of:
- A percentage of the estate
- A specific asset
- The residue of the estate
P.O Box 11109 | 175 North Tillman Street | Memphis, TN | 38111
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