Giving Through Your Will or Trust

How many people out of ten feel it is important to have a basic will or trust? Probably nine out of ten.

How many people out of ten actually have a will or trust when they die? – Three out of ten!

There are generally three possible beneficiaries of your estate – family and friends, favorite charities, or the Federal and State IRS. This process allows you to allocate you estate among these three beneficiaries according to your desires. The First Step is to establish your will or trust!

In addition to filling an important role in providing for the future financial security of your family and others, your will or living trust can offer a way to make thoughtful charitable gifts as part of your long-range estate and financial plans. It can be satisfying to know that a portion of your property will be put to good use in the future.

A gift made through a will or living trust can be convenient to arrange. A simple provision or amendment prepared by your attorney at the time you make or update your will or trust is all that is necessary. Gifts included in wills and living trusts are popular because they are flexible, easy to arrange, and may be changed with your life circumstances.

Ways to give through wills and trusts after your loved ones are cared for:

  • Make a gift of a specific amount.
  • Provide for a gift of a particular property. Real estate, stocks, and other items of value are examples of properties that can be used to fund charitable bequests.
  • Designate that a percentage of your estate be given to Pandas International through your will or living trust.
  • Name Pandas International as a beneficiary of your Life Insurance by amount or percentage.
  • Give the remainder, or residue, of your estate—that is, what remains after all other bequests to friends and loved ones are satisfied.
  • Name charitable interests to receive a bequest in the event other heirs are not there to receive their legacies.

There is no limit on amounts deductible from federal gift and estate taxes for charitable gifts made by will or trust, so no tax will be due on assets donated in this manner. To plan a charitable bequest, inform your attorney of your wishes and ask for advice regarding the best form for your gift.

If you decide to include a gift in your estate plans to Pandas International, please use our legal name: Pandas International and our tax ID number is 84-1544557

Please also see:
Sample Bequest Language