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 Looking
for a popular and simple way to help assure care for
our aging population? A bequest is a gift of personal
property by will, and one of the easiest and most common
choices to make a generous contribution to the Christian
Healthcare Foundation.
By leaving a bequest you will be making an everlasting
impression on others. The communities and people served
will remember your generosity and know that you cared
about others and that you helped make a difference in
their lives.
There are a variety of different ways you can make
a bequest. Specific, general, contingent, and residuary
are some of the more popular ones, but there are others.
Wills & Trusts
In simple terms, a Will is a legal tool that arranges
a person’s property at the time of his or her
death while a Trust is an agreement whereby an individual
or institution holds property for the benefit of others.
Giving to the Christian Healthcare Foundation through
your will is one of the simplest ways to make a planned
gift.
Irrevocable and Revocable Estate Plans
Estate planning is an excellent way for you to consider
financially assisting the Christian Healthcare Foundation.
There are two basic trusts to choose from here: irrevocable
and revocable. Revocable estate plans can be changed
or canceled at any time, whereas irrevocable ones cannot
be altered or canceled after they have been established.
Estate planning is certainly something that you should
dedicate a significant amount of time to considering.
Please discuss with your financial advisor the importance
of a good estate plan. He or she can help you devise
a plan that properly meets your wishes while coordinating
what will happen to your home(s), investments, life
insurance, business(es), employee benefits and retirement
plans, as well as other properties in the event that
you become disabled or die. Your advisor should also
discuss the many advantages of establishing a living
trust, some of which include reduced probate costs,
fast distribution of trust assets, tax savings, flexible
planning and a variety of other positives.
We look forward to answering your inquiry as well as
any questions you might have about either of these estate
plans. Please contact us at 708.342.8108 or email info@christianhealthcarefoundation.org.
We can answer your questions and assist you with your
giving needs.
Charitable Remainder Trusts
A Charitable Remainder Trust can offer you a valuable,
tax-advantaged investment while helping the Christian
Healthcare Foundation honor the sick and elderly today
and into the future. Charitable Remainder Trusts allow
you to provide gifts to charities such as the Christian
Healthcare Foundation.
A Charitable Remainder Trust is actually an irrevocable
trust, but you may change the charitable beneficiaries
at any time! The Charitable Remainder Trust creates
two different beneficiaries: income-based would include
you and/or a spouse and the second set would be the
charity of your choice, in this case the Christian Healthcare
Foundation.
With a Charitable Remainder Trust, you will receive
income from the trust for your life or for a term of
up to 20 years. Once the trust comes to an end the remaining
assets are contributed to the Christian Healthcare Foundation.
While your Charitable Remainder Trust helps the Foundation
continue providing assurance for the future care of
the sick and elderly, you will reap a variety of benefits,
including:
- Reductions in:
- Increases in your spendable income for the rest
of your life
- Elimination of capital gains taxes on the sale
of appreciated assets, including but not limited to
stock, bonds and more
- Avoidance of probate
- Capitalization of the assets your family can receive
after your death
Charitable Gift Annuities
Your Gift Annuity not only benefits the Christian Healthcare
Foundation but it is advantageous for your finances
too. A Gift Annuity is a life income gift in which you
transfer assets to the Foundation now. You receive a
charitable deduction for some of the transfer and then
you or your beneficiary receives income for the rest
of your life or over a designated time period.
Our Gift Annuities are contractual agreements between
you and the Foundation. In exchange for your contribution
to the Foundation, Christian Healthcare Foundation agrees
to compensate in the form of a fixed annuity to you
or other annuitant every year as long as she or he lives.
Call us at 708.342.8108 or email info@christianhealthcarefoundation.org
for more information regarding what the annuity is based
on, as well as further details about benefits such as:
- Tax savings
- Reduced capital gains tax
- Secure income for the rest of your life
- Generally no legal costs incurred
- Investment in providing blessed assurance for older
Americans today and into the future
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BEQUESTS