Your Revocable Living Trust Can Help Your Favorite CharityYou can use your revocable living trust to make gifts that benefit the organizations you support. Gifts can be distributed according to the instructions you have left in the trust. Such gifts are 100% deductible for federal estate tax purposes. For many institutions, legacy gifts from estates make up large portions of their operating budgets. What better way to remind your family of causes worth aiding, regardless of the size/percentage of the gift? Help your family remember what is important to you. Our clients' favorite charities include:
Even a small percentage of your estate can help many worthy causes. How do you determine the effectiveness of charities? The internet offers various "watchdogs" such as this site: www.charitywatch.org Four Peaks Planning, Inc. will match your charity percentage in dollarsName a charity among your primary beneficiaries and we will take the percentage listed for that charity and donate in dollars that number value. Example: Name the Arizona Humane Society as a primary beneficiary to receive 25%, Four Peaks Planning, Inc. this year will donate $25 to the Arizona Humane Society. Example: Name the American Cancer Society to receive 100% of your entire estate), Four Peaks Planning, Inc. this year will donate $100 to the American Cancer Society. We believe in helping others and can think of no better charities than those supported by our clients. |
