Bequest and Estate Gifts
Including a bequest in your will is one way to leave a legacy, but are also other options for gifts which are simple, straightforward, and accomplish the same goal.
Bequests
The Benefits
- Your assets remain in your control during your lifetime.
- You can modify your bequest to address changing circumstances.
- You can direct your bequest to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
- Under current tax law there is no upper limit on the estate tax deduction for your charitable bequests your estate receives.
A bequest is for you if...
- You want to help ensure RMHGHV’s future viability and strength.
- Long-term planning is more important to you than an immediate income-tax deduction.
- You want the flexibility of a gift commitment that doesn’t affect your current cash flow.
Gifts From Your Retirement Plan
The Benefits
- Avoid the double taxation your retirement savings may incur if you designated your heir(s) as beneficiary(ies).
- Continue to take regular lifetime withdrawals.
- You can revoke us as a beneficiary if your family’s needs change.
A gift from your retirement account is for you if...
- You hold a 401(k), IRA, or other retirement plan.
- You prefer to make a gift to us through your estate plan.
- You want to balance your giving between providing for your family and for RMHGHV.
- You want to ensure the most efficient distribution of the assets in your estate.
