There is no end to the good you can do...

Whatever the amount, whatever the method, there truly is no end to the good you can do. You can leave a legacy without shortchanging your heirs.

Why would I want to leave a legacy?

Many people derive great satisfaction from knowing that they will leave the world a better place. Almost everyone has the ability to leave a legacy to help others,financially, culturally, or emotionally. Every legacy, of every size, makes a difference. Sometimes, tax benefits can amplify the value of your legacy gift.

Must I have a great deal of wealth to leave a legacy?

Most of us leave assets (an estate) when we die, even through we may mot be wealthy. An estate is any property, money or personal belongings that you have at the time of your death. Anyone can arrange to leave a charitable gift from an estate when he or she passes away.

How do I leave a legacy for an organization that I want to support?

You can leave a legacy through your will or trust, designating a specific amount or percent, specific property, or anything left over after providing adequately for your family. You can also name a charity as beneficiary of some or all of an insurance policy or retirement plan.

Who can help me arrange a gift?

You may be able to accomplish much on your own, through beneficiary designations, for example. However, it often is a good idea to consult a professional advisor, to be certain your wishes are met and your estate gets the maximum tax benefits. Attorney's accountants, financial planners, insurance agents and trust officers can provide valuable help. Many nonprofit organizations have planned giving officers who can show you the best way to leave your legacy.

Can I leave a legacy in memory of a special person or for a special purpose?

This is a wonderful way to recognize someone who has made a difference in your life. You also may wish to support a school or specific cause that has influenced you or your family. These gifts can be arranged in your will just as you would leave a personal gift to someone. You only need to make it clear that the gift is given in memory of a particular person or for a specific cause.

Must I tell the charity I will be leaving a legacy?

This is up to you. Charities generally like to know in advance so they can recognize your generosity. They also can inform you about specific opportunities for giving and how you and your family can benefit the most through the tax advantages of your gift.

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