Deferred Planned Gifts

Deferred Planned Gifts

Goal: Defer a Gift Until After Your Lifetime

Last Will and Testament
  • Name your charity in your will or trust
  • Provide for a share of the estate residue, a percentage of your estate, or a specific dollar gift amount
Revocable Living Trust
  • Appointed trustees receive assets to invest, manage, distribute, even make charitable gifts during life or after death
  • Trustees are bound by the provisions of the trust, but its revocable nature allows flexibility to change provisions during life
  • Charities may be named for gifts during life or after death and may be combined with a pour-over will to consolidate all estate assets after death to be distributed in accordance with the trust provisions
Life Estate Agreements
  • A donor can deed a home, farm, or other real estate to a charity and reserve the right to continue living there or using the property for life.
  • Whether revocable or irrevocable it will determine timing of tax benefits
  • Subject to real estate transfer evaluations and conditions
Retirement Plans
  • Name the charity as the first, second, or last beneficiary for part or all of the proceeds left in the retirement fund at the death of the donor and/or the surviving spouse.
Financial Service Organizations
  • Direct certificates of deposit in banks or credit unions to the charity by including “POD (paid on death)” followed by charity name.
  • Similar arrangements may be available from brokerage accounts.

Note: As with all significant financial decisions, you should consult your tax and legal advisors before entering into complex planned giving agreements. For general questions or professional resource introductions, contact Tom Assmus.