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Here are a few ideas on how you can help Prevent
Child Abuse America:
| Life Insurance . . . You can name Prevent Child Abuse America as the beneficiary of your life insurance, or as a co-beneficiary, or a contingent beneficiary. You could buy a new policy for our benefit, or transfer ownership of a policy to Prevent Child Abuse America and pay the premiums which are tax deductible, as is the value of the policy. |
| Retirement Savings . . .If you have a retirement savings in the form of IRAs, pensions, 401(k) plans, and other type retirement plans you can include Prevent Child Abuse America as a beneficiary (if married you will need a spouse's consent). This type of gift can save "death taxes" and income taxes for the original beneficiary of the death benefits. |
| Revocable Trusts . . .Gifts by will can also be made by revocable living trusts. Merely name Prevent Child Abuse America as the beneficiary of your trust. |
| Appreciated Assets . . . One of the best assets a philanthropic partner can give to Prevent Child Abuse America is an appreciated one, such as, securities, real estate, or other assets that have gone up in value. You can deduct full fair market value ( if owned more than one year), and avoid the capital gains tax. And . . . you are helping children at risk! |
| Pay on Death Accounts (P.O.D.s) . . . Many states will allow you to name Prevent Child Abuse America as the beneficiary of your savings, CD, checking, loan account, credit union savings, and other financial accounts. If the state you live in does not do this, you can set up a "Totten Trust" or "self declaration trust" indicating your wishes that at your death the balances of certain financial accounts go to Prevent Child Abuse America. |
| Savings Bonds . . . Everyone it seems has saving bonds tucked away in their safety deposit box or bureau. Bonds can be subject to heavy federal income taxation and death taxes, both in the state and from the federal government. You can erase the tax issue by changing your will or living trust to specifically leave the bonds for the benefit of Prevent Child Abuse America. The full amount of the bonds would be used by Prevent Child Abuse America to help prevent child abuse and as a not-for-profit we pay no taxes. You cannot, under Treasury regulations, name Prevent Child Abuse America as a joint owner or death beneficiary of savings bonds. In addition bonds can be given in a will or living trust if there is no surviving joint owner or death beneficiary. For tax purposes, specifically identify the gift as bonds, not a dollar amount. |
Developing an estate plan is a very personal process. This article is not a replacement for professional advice. We recommend you seek professional advice before implementing any estate planning strategies.
Our free booklet Planning Strategies: Which One is Best for You? contains more complete explanations and benefits of your gift-giving options. To request your copy, just print the form below, fill it out and fax or return to the listed address.
| _____ my will | _____ a trust arrangement | _____ an insurance policy |
Name:______________________________________________________________
Address:____________________________________________________________
City/State/Zip:_________________________________________________________
Daytime Telephone:____(_______)_______________________________________
E-Mail address:______________________________________________________
Please return the completed form to: