Endowment - Leaving a Legacy

• Prepare a will. Only 50% of those who pass away have one. Without a will, you lose control of the possessions you worked a lifetime to acquire.

   

• Leave a gift in your will for the charitable organizations which made a difference in your life.Less than 3% of all wills settled contain a charitable provision. Imagine the positive impact on your community if everyone made a donation to a favorite non-profit, even modestly.

   

• Leave a specific dollar amount or a percentage of the assets in your will to your favorite charity. The provision can be part of a new will pr added to your existing will as a codicil.

   

• Consider using assets for your charitable gift.These can include but aren't limited to: stocks, bonds, CD's, real estate, vehicles, art, and jewelry. Such gifts may even provide tax savings.

   

• Name your favorite charity as the beneficiary of your IRA or pension plan. A secondary beneficiary inherits if the first beneficiary is no longer around.

   

• Purchase a new life insurance policy naming your favorite charity as the beneficiary.

   

• Name your favorite charity as the beneficiary of an existing life insurance policy.

   

• Remember your deceased loved ones with memorial gifts to charities.

   

• Encourage family members and friends to to leave gifts to charities in their wills.

   

• Ask your financial advisor to include charitable giving as part of counsel to their clients.