A Sticky Situation
As a major gift officer you’ve developed a great relationship with Shirley Knot, a significant donor to your organization. How would you handle this potentially complicated situation that arises with Shirley?
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Estate Plan
The Testamentary Gift Question, Page 2
TRUE OR FALSE:
It is possible for your organization to receive a testamentary gift even if the donor does not have a will.
Becoming the Beneficiary
Yuan is a career librarian, now retired. She has always worked hard and lived simply, and has savings of nearly $100,000 as a result. But Yuan has suffered numerous health issues in recent years.
Good Things (And A Bad Thing) About An IRA Gift
Stephen, who recently passed away, had an estate valued at approximately $700,000, with $100,000 of it in an IRA. When he was planning his estate, he knew he wanted to make a significant charitable gift at his death, and leave everything else to his two children.
How did gift planning help Stephen with these two goals?
Everyone Wins With a Gifted Retirement Fund
See why it is often WAY better for a donor to testamentary gift of a retirement fund as opposed to making a simple bequest.
Bequest: Policies and Procedures
Watch this place for draft bequest language and for draft gift agreement
Estate: Tax Issues
On a federal level, the estate tax is relevant to a very small number of families. That said, those very families are ones you and your organization would hope to have a relationship with.
Estate: Assets That Fund It
Wills and revocable living trusts are often used to:
Estate: Who, When, Why
WHO: Every prospect you work with has the capacity to include your organization in their estate plan!
Donors are people, and people as a rule have to deal with their mortality. Now, you’ll hear statistics saying less than 50% of people have as much as a simple will. In truth, though, the chances are much better that the donors you deal with do have an estate plan, and as such have the capability of including your organization in that plan.
But how do you broach the subject? Ask donors if their estate plan is current.