What To Give?
THE ASSETS MORE COMMONLY USED TO FUND A GIFT ARE LISTED BELOW:
- Cash Bequest – You can simply leave a specific amount to the BBFI Mission Office, ensuring that your legacy will impact missions for generations to come.
- Bequest of Assets – You can leave specific assets such as securities, your home, or other property to the BBFI Mission Office.
- Residual Bequest – You can designate that the BBFI Mission Office will receive all or a percentage of the remainder of your estate after you have provided for your beneficiaries.
- Designation of Retirement Fund Assets – By designating retirement fund assets to the BBFI Mission Office, you can eliminate both the income tax and estate tax (up to 70 percent) that would have to be paid if you left this to individuals.
The easiest way to leave a gift to is to include the BBFI Mission Office in your will or living trust. This type of gift offers several benefits:
- Simple – Just a few sentences in your will or trust are all that is needed. Share the sample bequest language for the BBFI Mission Office with your estate planning attorney:
- Flexible – Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
- Versatile – You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.
- Nontaxable – If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift’s full value.
This article is not intended to be investment advice; because your tax situation may be unique, always consult your attorney, tax advisor or financial advisor about the plan best suited to meet your needs.