Leaving a Legacy for Others
How to share the good things you have built up during your life is an important decision. Do you want to leave a legacy that will benefit the lives of others? A simple provision from your Retirement, Will or Estate Trust is a powerful way to provide for the future of people with disabilities that need your help and leave a legacy of kindness beyond your days.
Below are some options that you and your estate planner can consider:
Charitable Bequest: A bequest is a gift that can be made as a percentage of your estate. You can make a specific bequest by giving a certain amount of cash, securities or property. After your lifetime, the Cerebral Palsy Center receives your gift. If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift’s full value.
Endowed Gifts: A contribution that becomes part of our endowment. An annual distribution is made for the purpose you designate. You can create your own endowment or contribute to Cerebral Palsy’s already established endowment.
Charitable Lead Trust: You give assets to a trust that pays the Cerebral Palsy Center an income for a set number of years (which you choose). When the term is up, the remaining trust assets go to your family or other beneficiaries you select. The longer the length of the trust, the better the gift tax savings for you. This is an excellent way to transfer property to family members down the line (typically children and grandchildren) at a minimal tax cost.
This is your gift for the future wellbeing of people with disabilities and we have the highest respect for your wishes. As you consider your options, we welcome you to contact Bob Sexton, our Executive Director, for any assistance.