Planned Gift from a Will or Trust

One of the simplest and most common types of planned gift is a deferred (takes place after death) gift from a person’s Will or Trust. The benefits of this type of gift are the ease of setting it up, possible tax benefits and the ability to have the gift paid after your death, after family obligations are satisfied. All that is needed here is to correctly name the non-profit in your estate plan as the recipient of a specific asset, a designated sum or a percentage of your estate assets.

Excerpts from Finish Faithful: How to Create a Lasting Christian Legacy for your Family by Mark Henry, JD