Planning Tips

10 Steps to Do Something Great

  1. Prepare a will. Fewer than 50% of those who pass away have one. Without a will you may lose control over assets upon your death.
  2. Leave a gift in your will for the nonprofit and charitable organizations that made a difference in your life. Less than 5% of American households have included nonprofits in an estate plan. Imagine the positive impact on our community if everyone made a donation to a favorite organization.
  3. Leave a specific dollar amount or a percentage of the assets in your will to a nonprofit of your choice.
  4. Consider various assets for your charitable gift, like, IRA's, savings bonds, stocks, bonds, CD's, real estate, vehicles, art and jewelry. Such gifts may even provide tax savings.
  5. Name your favorite nonprofit as the beneficiary of your pension or IRA.
  6. Purchase a new life insurance policy naming your favorite nonprofit as the beneficiary.
  7. Name your favorite nonprofit as the beneficiary of an existing life insurance or annuity contract.
  8. Remember loved ones with memorial gifts.
  9. Encourage family and friends to leave deferred gifts to nonprofits in their wills. Ask your financial advisor to include charitable giving as part of counsel to clients.
  10. Consider establishing a life income gift that will provide current income to you and your loved ones for your lifetime while providing significant tax benefits.

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