Things You Can Do to
Leave a Legacy
- Prepare a will.
Only 40% of those who pass away have one. Without a will, you may lose
control over your personal possessions.
- Leave a gift in your will for the non-profit
organizations that make a difference in your life. Americans
are generous - 70% of us give to charity each year. Surprisingly,
less than 6% of persons in American households have included
non-profits in an estate plan. Imagine the positive impact on our
community if everyone made a donation to their favorite
- Leave a specific dollar amount or a percentage of the assets in your
will to the non-profits of your
- Consider using appreciated assets to fund current charitable gifts and
planned gifts. These include, but are not limited to stocks, bonds,
certificates of deposit, real estate, vehicles, art and jewelry.
Such gifts may even provide tax savings. Contact a professional
advisor for advice.
- Name one or more non-profits as the beneficiary of your pension plan,
IRA, retirement plan. Doing so can avoid estate and income taxes
(up to 70%) that might otherwise be due on your plan. Be sure to seek
the advice of an attorney or accountant when designating a charity as
partial beneficiary of a retirement account.
- Name your favorite non-profits as the owner and/or beneficiary of a
new or existing life insurance policy.
- Call your favorite non-profits about special funds you can support.
- Remember loved ones with memorial gifts.
- Encourage family and friends to leave gifts to non-profits in their will.
- Ask your financial advisor to include charitable giving as part of
counsel to clients.
LEAVE A LEGACY® Mankato Area
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