"You Will Act Very Prudently In Having Your Will Revised By Some Person Skilled In The Law." - George Washington
The most frequently used planned giving instrument is the will, a device that has been around hundreds of years. As financial advisors, many of you will learn about the status of a last will and testament for your clients, and in some cases, you will suggest within estate-planning that the client consider bequests in their last will and testament.
The North Carolina Community Foundation seeks to be remembered by bequests from its friends and supporters, and our staff is happy to assist advisors or their clients in understanding established Foundation funds or programs, so that they may be clearly designated in the will. Additionally, we will gladly work with you to determine guidelines for a new fund to be established through bequest.
The Foundation accepts almost any kind of asset through a bequest, including cash, securities, real estate, or retirement plans. A bequest is deductible for federal estate tax purposes, and there is no limit on the amount of the estate tax charitable deduction.
Remember to remind your clients of the importance of writing a will. Regardless of charitable interests, each of us should considerately set forth the disposition of our property and direct how we would like our loved ones to be cared for.
A Foundation Associate would be happy to speak with you or your client about any aspect of making a bequest.