Estate Planning Vehicles

Gift Type and Options Definitions Tax Benefits to You
Bequests A direction in a Will to pay distribute personal property. Reduce estate tax
Testamentary Trust A trust established through the Will of a grantor. Reduce estate tax
Charitable Lead Trust An irrevocable trust designed to provide financial support to one or more charities for a period of time, with the remaining assets eventually going to family members or other beneficiaries. Reduce estate tax

Assets    
Marketable Securities Publicly traded, liquid securities that can quickly be converted to cash. Avoid Capital Gains Tax
Closely Held Stock A circumstance wherein a company’s common shares that are predominantly owned by one individual owner or by a small group of controlling stockholders. Avoid Capital Gains Tax
Real Property Principally land and buildings. Avoid Capital Gains Tax
Tangible Personal Property Property that can be moved or touched, and commonly includes physical property such as business equipment, furniture, and automobiles. Avoid Capital Gains Tax
Life Insurance A type of insurance that pays out a sum of money either on the death of the insured person or after a set period. Avoid Capital Gains Tax

Life Income Plans A financial product that ensures a lifetime guaranteed income for retired participants. Life income plans are funded by a pool of investments. Generate lifetime income and reduce income tax.
Charitable Gift Annuity It involves a contract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction and a lifetime stream of annual income from the charity. Generate lifetime income and reduce income tax.
Charitable Remainder Trust A tax-exempt irrevocable trust designed to reduce the taxable income of individuals by first dispersing income to the beneficiaries of the trust for a specified period of time and then donating the remainder of the trust to the designated charity. Generate lifetime income and reduce income tax.
Pooled Income Fund A mutual fund composed of gifts that are pooled and invested together. Income from the fund is distributed to both the fund’s participants and named beneficiaries, according to their share of the fund. Generate lifetime income and reduce income tax.

Retirement Plans/IRA Create a remainder beneficiary (BCC) of your 401(k), 403(b) or other qualified retirement plan. Yearly RMD’s from an IRA can be transferred directly to a Nonprofit to avoid taxable income and obtain tax benefits. Create tax benefits for yourself and your heirs.

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