You can create a lasting legacy at the Sexual Assault Center by including S.A.C. in your estate plans. Regardless of income level or the size of your estate, your planned gift can make a significant difference to the Sexual Assault Center. A bequest to S.A.C. can help you, and your family, reduce or avoid estate taxes and at the same time help you realize your own philanthropic objectives. Joining the Legacy Society is a lasting way to establish a profound commitment to S.A.C’s future. At such time as you notify us of your intentions your name will be prominently be displayed at the Center as a recognized member of the S.A.C. Legacy Society. If you have any questions, please contact Kelly G. Lamberth at 615.259.9055 x332 or firstname.lastname@example.org
Regardless of the type of bequest you intend to leave, it is important to consult a qualified lawyer, tax consultant or estate planner to assure that your wishes are carried out.
One of the most popular and easiest types of gifts in an estate plan is a bequest. You can designate the Sexual Assault Center to receive a specific dollar amount, a specific asset, or a percentage of the total value of your estate.
If you have an existing will, a codicil (an amendment to a will) can easily be added to include S.A.C. as a beneficiary. Specific instructions on how to prepare a will or codicil can be provided by your lawyer, accountant or estate planner.
Substantial tax benefits can be achieved when you make a gift of your residence to the Sexual Assault Center. Speak with your attorney, accountant or estate planner to learn about the tax benefits of making a gift of real estate.
You may consider how a life insurance policy that no longer suits your needs can become a significant charitable gift to the Sexual Assault Center.
You might name us a beneficiary of an existing policy. Naming S.A.C. as the sole beneficiary or a partial beneficiary will allow you to make a sizeable gift to S.A.C.
Donate an obsolete policy. If you own a policy that is paid-up and your dependents no longer need the policy’s protection, you can designate S.A.C. as the owner of the policy and receive an immediate tax deduction.
If your estate plan includes a trust, you can designate the Sexual Assault Center to receive a specific dollar amount of cash, specific assets (a cash account or other asset), or a percentage of the total value of your trust assets.
If you have an existing revocable trust, an amendment can easily be made to include the Sexual Assault Center as a beneficiary. Specific instructions about how to prepare and execute a trust or a trust amendment can be provided by your attorney, accountant or estate planner.
There are other estate planning options that can give you an immediate tax deduction while providing you and/or a loved one with investment income for life.
Irrevocable trusts (such as charitable trusts) allow you to exchange low basis, highly appreciated assets for income in the form of an annuity or a percentage of the fair market value of the assets. A gift of highly appreciated assets to the Sexual Assault Center offers both a tremendous future benefit to the Center and a significant tax advantage for you, since no capital gains tax is incurred when the assets are sold. Once investment changes are made, you can specify how income and principal are to be distributed to you and your family during your lifetime. These trusts offer the benefit of:
Providing income for life to you and your family (annuity)
Providing a current income tax deduction
Avoiding capital gains tax on appreciated assets
Reducing future estate taxes
Other irrevocable trusts, such as Life Insurance Trusts, can also provide remarkable estate planning benefits for you as well as endowment benefits for the Sexual Assault Center.
Again, regardless of the type of bequest you intend to leave, it is important that you consult a qualified attorney, accountant or estate planner to make certain your plan meets your retirement and philanthropic goals.