Leave a Legacy that Lasts Forever
LEAVE A LEGACY THAT LASTS FOREVER
A planned gift is any major gift, made in lifetime or at death as part of a donor’s overall financial and/or estate planning. By contrast, gifts to the annual fund or for membership dues are made from a donor’s discretionary income and, while they may be budgeted for, they are not “planned.”
Whether a donor uses cash, appreciated securities/stock, real estate, artwork, partnership interests, personal property, life insurance, a retirement plan, etc., the benefits of funding a planned gift can make this type of charitable giving very attractive both to the donor and to EVLT.
What are my options?
The most common options include gifts of stock, charitable remainder trusts, and bequests. Each has unique advantages.
- Gifts of stock: Gifting appreciated stock that you have owned for more than one year can provide you with many benefits including avoidance of capital gains taxes and a charitable income tax deduction for the fair market value of that stock on the date of gift.
- Charitable remainder trusts: A charitable remainder trust will provide income for you and your beneficiaries throughout your lifetime and a gift to the Land Trust on the death of the last beneficiary. The actuarial value of the trust at the time the trust was established may be used as an immediate tax deduction.
- Bequests: The Land Trust can be named as a beneficiary in your will. An unrestricted bequest provides monies to support the Land Trust’s mission. Bequests can also be designated for stewardship.
What are the benefits to me and my family if I make a bequest to Estes Valley Land Trust?
Under current tax law, if your estate will be subject to estate taxes, a bequest qualifies as a charitable deduction, which may lower your overall estate tax obligations.
If you have an IRA or qualified retirement plan, deferred income taxes must be paid at your death if the beneficiary is other than your spouse. By designating the Land Trust as a beneficiary (or a contingent beneficiary if your spouse predeceases you), you may minimize such taxes. In addition to providing funds to help fulfill the Land Trust’s mission, your family may, under certain circumstances, realize a greater portion of your estate’s distribution.
Is it difficult to make a bequest to Estes Valley Land Trust?
Not at all! There are many options that are quick and easy. Include Estes Valley Land Trust in your will as a charitable beneficiary. If you have a retirement plan or a life insurance policy, simply add Estes Valley Land Trust as a beneficiary. If you have any questions, consult with your attorney and C.P.A to establish the most effective vehicle for your giving.
I consider this private information. Is it necessary for Estes Valley Land Trust to know my plan?
It is not essential for Estes Valley Land Trust to know your estate plans in advance, but it can be very helpful, particularly if you wish to support a specific program through your bequest. We respect your privacy and the revocable nature of your provision, but often we can help you to be sure that your bequest will properly meet your objectives and be of maximum benefit to the Land Trust.
Does this sound like it might be for you? Contact us and we can send you additional materials that describe options for you.