Thank you for considering a charitable bequest.
Things to know:
- Tax laws grant an unlimited estate tax deduction, so you may be able to significantly reduce your taxable estate when you make a charitable bequest.
- A bequest made through your will can also be a creative way to make a thoughtful gift.
- Bequests may be made through a gift of cash, marketable securities, closely held stock, or real estate.
How to Make a Charitable Bequest:
- Include The Family Partnership in your will or testamentary trust, or add a codicil to an existing will or trust.
- Indicate whether the gift is for an existing dollar amount, a percentage of the estate or a residue of the estate after all the other beneficiaries have been taken care of.
- Specify where you’d like your gift to go: either to the General Operating budget, where there is the most need, or to a specific program you really believe in.
- Consult with your attorney or financial advisor before making provisions in your will or adding a codicil to your will for a charitable gift.
For more information, please contact The Family Partnership at 612.341.1615 or firstname.lastname@example.org.