One estate asset can benefit both The Nature Conservancy and your heirs through a testamentary life-income gift. This giving tool adds flexibility to your estate planning, allowing a charitable gift annuity, unitrust or annuity trust to be created and funded by your estate. The provisions in your will or revocable trust will be carried out by your executor or trustee and The Nature Conservancy after your death, and your estate will receive a charitable estate tax deduction for the gift.
Our gift planning experts can answer any questions. Call (877) 812-3698 or email email@example.com.
How It Works
- You write a will or revocable trust directing a bequest to The Nature Conservancy with the provision that it first create a life-income gift benefiting your heirs.
- After your heirs’ income interest terminates, the remaining balance in the gift passes to The Nature Conservancy.
- Benefit both The Nature Conservancy and your heirs with one estate asset.
- Lower the estate tax burden on your estate.
- Make special provisions for your heirs, either by providing additional resources for an individual or by limiting that individual to a life income rather than a large outright bequest.
- Increase your planning flexibility with revocable provisions.
- Have satisfaction in knowing that you will provide for your heirs both financially and by supporting efforts to conserve our natural world for future generations.
A Testamentary Life-Income Gift May Be for You If:
- You want to make a significant gift to The Nature Conservancy but must also provide for family.
- You are looking for tools to reduce the tax liability your estate will bear.
- You want to direct income to a special-needs family member, to an employee or caregiver, or to beneficiaries who do not need a large outright bequest.
As with any bequest, a testamentary life-income gift is a revocable, future transfer. You receive no income tax deduction for the gift you are planning now. You can provide a specific dollar amount to fund the gift, or a percentage of the residue of your estate. Testamentary unitrusts and annuity trusts can run for the beneficiaries' lifetimes or for a term of years.
- Are you planning for your retirement? Find helpful tips.
- Learn about starting to plan your estate.
- Find out how to make a gift through your will.
You can protect marine habitats and other natural places by making a planned gift with The Nature Conservancy. Contact us today.