Making a Planned Gift is Easier Than You Think. You Can Help Build a Better and Stronger Valley.
It’s your plan… it’s your legacy!
- Leave a gift in your will or trust
- Designate a nonprofit as a beneficiary of a portion of your IRA or other financial accounts
- Give life insurance you no longer need
- Give appreciated stock and save on taxes
- Consider a gift of real estate
- Donate your IRA required minimum distribution directly to a nonprofit and avoid taxes.*
Speak with your trusted professional financial advisor or call (203) 751-9162 to explore which planned-giving option is best for you.
*Must be 70½ years or older.
3: One Size Does Not Fit All
As you can see, estate planning can be as simple as writing a will and completing the documents that will address income, medical needs and care for minor relatives.
There are ways to organize and prepare to work with an advisor that will help make the process easier, including:
- Take a complete inventory of your personal property and assign realistic values to your assets. You can find tools online to help you estimate what your home, car, and other property is worth.
- Make a list of your beneficiaries, making note of any special needs or considerations you want to discuss. Remember, beneficiaries may be organizations and charities such as your favorite Valley charity, as well as individuals.
- Keep your spouse in the loop from the get-go. It's not only a matter of respect and consideration, but coordinating your plans often leads to additional savings for the estate. You may also choose to discuss your plans with other trusted family members or friends.
- Choose an attorney you trust and bring your inventory and notes with you to ensure that you give them a complete picture of what you want and need in your estate plan.
Consider making a gift through your will or trust.
Here's the language you'll need.
Next: Minimizing Your Tax Liabilities
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