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How Do I Create a Jewish Legacy?

Easy Ways to Create a Jewish Legacy

There are many different easy ways to leave your own legacy. Some can even be completed without the help of an advisor, although you are always encouraged to consult a professional to insure that your charitable plans are consistent with your plans for other loved ones.

Everyone has a unique family and financial situation. Your legacy gift of any size can be designed to match your personal circumstances. These options include:

  • Charitable Bequest in Your Will
    You can create a permanent legacy by leaving a bequest of a specific amount of cash, a percentage of your estate or the remainder of your estate.

  • Gift Using Appreciated Assets or Cash
    When you create a legacy with a current gift of cash or other property, your fund may be used to pay an annual gift to the charity of your choice.

  • IRA or Pension Plan
    Naming one or more charities as the after-death beneficiaries of your IRA pension fund can save on income and estate taxes while supporting the causes closest to your heart.

  • Life Insurance Policy
    Life insurance is an advantageous and inexpensive way to create a legacy. You can purchase a new policy naming a charity as owner and beneficiary, or transfer an existing policy and name the charity as owner.

Other Ways to Create a Jewish Legacy

  • Charitable Gift Annuity
    Charitable gift annuities allow you to safely increase your income. Transfer cash or stock directly to the organization of your choice, and you will get a guaranteed fixed return for life.

  • Charitable Remainder Trust
    Charitable remainder trusts allows you to provide an income for yourself and/or your family, receive significant tax advantages, and makea meaningful contribution.
  • Charitable Lead Trust
    Charitable lead trusts offer a creative giving strategy if you want to reduce or eliminate gift and estate taxes on transfers to family while providing significant support to the organization of your choice.

  • Gifts of Property or Art
    If you own real estate and have held it for more than twelve months, giving a gift of property can be a great way to minimize the taxes paid on your current income and your estate. A gift of art must be appraised to determine fair market value.

This information is intended as an educational tool. The information presented is to provide general information only and should not be construed as legal or accounting advice. Because tax and financial consequences involved with any gifting program depend on personal financial circumstances, individuals should consult with their own financial, legal and accounting advisors to review any charitable estate planning options.