Make a bequest to Vascular Cures through your will or trust. A bequest costs you nothing now, and yet offers a lasting impact to your children, your grandchildren, and generations to follow. It also allows you to give a charitable donation at a level that you might not have thought possible, while maximizing the tax benefits to you and your family.
Types of contributions include:
- Real estate
- Business interests
- Life insurance
- Mutual funds and stocks
- Retirement Accounts
- Donor Advised Fund
- Property such as art, jewelry, and vehicles
To make a contribution to Vascular Cures from your estate, you should contact a trusted legal or financial advisor who can help you develop a plan for making charitable gifts that complement your current investment and estate plans. Your advisor can help you determine:
- The type of gift to make
- The appropriate gift level based on your circumstances
- The tax implications of your gift
- How to structure the gift to benefit both you and Vascular Cures
Property that you leave to Vascular Cures through your will or trust is exempt from estate taxes and counts as a deduction when calculating your taxable estate. You can give a specific dollar amount, a percentage of your estate, or specific assets such as marketable securities, stocks, or retirement accounts. Bequests can either be specific or residual. The typical legal language for a specific bequest is:
“I leave (dollar amount) to the Vascular Cures, whose national office is currently located at 70 Monte Mar Drive, Sausalito, CA 94965, to be used for general purposes.”
For residual bequests the typical legal language is:
“I give to Vascular Cures, whose national office is currently located at 70 Monte Mar Drive, Sausalito, CA 94965, (all or ___ percent) of the rest, residue and remainder of my (estate or trust or retirement assets), to be used for general purposes.”
Make Vascular Cures the Beneficiary of your Life Insurance Policies
When a paid-up life insurance policy is no longer needed to serve its original purpose of providing security for loved ones, you can still put the money to good use either by giving the policy outright or by completing a change-of-beneficiary form designating Vascular Cures as a beneficiary.
Avoid Estate and Income Taxes by Making Vascular Cures the Beneficiary of your Retirement Accounts
You can make a meaningful gift to Vascular Cures and possibly avoid both estate and income taxes by simply designating Vascular Cures as the beneficiary of your pension plan, IRAs, 401(k) plans, or self-employed plans.