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Q: How do I "Leave A Legacy"?
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The simplest way is to state your intentions in your will. Many people leave a specific dollar amount or a percentage of their estate, others prefer to bequeath assets such as insurance, retirement funds or real estate. An attorney or financial planner can assist you with the details and explain the tax benefits of charitable bequests. |
Q: Must I have an estate in order to "Leave A Legacy"?
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An estate is simply a word used to describe any property, money or other assets you have at the time of your death. Anyone can leave a gift to charity no matter what the size of one's "estate." |
Q: How will a charitable bequest affect the estate I leave to my family?
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Providing for one's family is a primary concern. Many people with considerable assets choose to set up charitable funds while living to reduce future estate taxes. See your attorney or financial advisor about these options. |
Q: Can I "Leave A Legacy" in memory of a loved one?
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A charitable gift is a wonderful way to honor the memory of someone special. Memorial gifts can be made through your will in the same way as gifts to family and friends. You may specify the gift in memory of a special person or for a particular use. |
Q: Should I notify the charity about my gift?
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Although many charities like to know about gifts in advance so they may recognize your generosity, advance notification of a planned gift is a personal choice, but is not required. |
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