![]() ![]() You may make grant recommendations to a variety of local or national non-profit organizations, and your intent for charitable giving is respected during and after your lifetime. Contributions to the fund are tax-deductible and the assets in the donor-advised fund grow tax-free. Your accounts do not enter probate and your assets automatically pass to Atlas Network.Ĭharitable gift annuities, charitable remainder trusts, charitable lead trusts, and other vehicles for planned giving can reduce your potential tax liability and allow you and your heirs more flexibility in your giving.Ī donor-advised fund is an investment account established by you exclusively for charitable gifts. Your bank can set up a “Totten Trust,” which is an informal arrangement that keeps you in control of your assets during your lifetime. You can name Atlas Network as the beneficiary on your bank account, U.S. With a transfer, you can immediately deduct the current value of the policy from your income taxes, and if you are still paying premiums, you can deduct the cost of those premiums each year. You may also designate Atlas Network as a revocable beneficiary, or transfer ownership of the policy to Atlas Network. The gift of a fully paid policy produces a charitable deduction in the amount of the policy’s cash surrender value with no additional cost to you. ![]() If you are carrying more life insurance coverage than your obligations require, consider naming Atlas Network the irrevocable owner and beneficiary of your surplus policy. Naming Atlas Network as a beneficiary of your life insurance policy is an excellent way to make a major gift. You also determine who retains the right to occupy the property before the bequest to Atlas Network is made. You are entitled to an immediate tax deduction for a portion of the appraised value, and the property is removed from your estate for tax purposes. With a retained life estate, your personal residence is deeded to Atlas Network but you and your family retain the right to occupy the home for life and will continue to pay real estate taxes, maintenance fees, and insurance on the property. Your gift of residential or commercial real estate can provide significant tax benefits as well as remove the burden of having to sell your property. ![]() ![]() Your heirs will also avoid a twofold taxation on retirement plan assets. You can name Atlas Network as the beneficiary of your 401(k), IRA, Keogh, or other retirement plan. It will also reduce the value of your estate for federal estate tax purposes and is exempt from state inheritance taxes. You can also name Atlas Network as a contingent beneficiary if someone named in your will is no longer living at the time of your passing.Ī bequest or trust distribution is easy to arrange, revocable, and does not affect your assets or cash flow during your lifetime. Your bequest can be a gift of a specific dollar amount, a specific piece of property, a percentage of an estate, or all or part of the residue of an estate. Some of the planned giving options available to you include:Ī bequest is a transfer of cash, securities, or other property through a will or a living or revocable trust. Advantages for you and your estate can include:Īs a member of the Fisher Legacy Society, your generosity in advancing the worldwide freedom movement will help generations of people around the world who share your commitment to freedom. There are a number of planned giving options that enable your estate to benefit you, your heirs, and Atlas Network. Planned giving often requires complex transactions with significant legal and tax implications, and we suggest that you consult experts in tandem with Atlas Network in order to design a giving strategy that best meets your goals and objectives. There are many ways to make a gift to Atlas Network, and as you consider your options for cash gifts, estate gifts, or any other potential long-term strategies, we encourage you to speak with your financial advisor about the ways in which you might proceed. We rely solely on voluntary gifts from those who share our vision of a free, prosperous, and peaceful world where the principles of individual liberty, property rights, limited government, and free markets are secured by the rule of law. Thank you so much for considering Atlas Network in your legacy giving. ![]()
0 Comments
Leave a Reply. |