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How to Complete Your Gift
Perhaps your home or other real estate is not as special to your loved ones as it is to you. If so, including a gift of your real estate in your will or trust may be a good option. Most important, it can help fund your desire to be part of our future success. A gift of real estate can be completed in three steps.
1. Determine how you would like your real estate gift to be used. Do you have a particular program in mind that you would like to fund with your gift? Will your gift be unrestricted, enabling us to use the proceeds from the sale of your real estate for our most pressing needs? If you choose to specify the purpose of your gift, please let us know so we can ensure that your intentions can be fulfilled.
2. Meet with your estate planning attorney. Discuss your possible tax and other benefits with your attorney to ensure that this gift meets your goals. An estate planning attorney can prepare your will or trust if you do not have one, or prepare a codicil to your will or an amendment to an existing trust
Share the sample bequest language for the Library Foundation with your estate planning attorney:
"I, [name], of [city, state ZIP], give, devise and bequeath to the Library Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
3. Let us know of your plans. Please contact Mary Hunt at 502-574-1654 or mary.hunt@lfpl.org to let us know when you have made plans for your gift in your will or trust. We would love the opportunity to thank you for your generous act. Of course, we are happy to honor your wishes regarding anonymity.
If you have any questions about these steps, please contact Mary Hunt at 502-574-1654 or mary.hunt@lfpl.org.
Your Next Steps
Getting Started | Is This Gift Right for You? | Case Study | How to Complete Your Gift | Beyond a Gift in Your Will | Action Items
Getting Started | Is This Gift Right for You? | Case Study | How to Complete Your Gift | Beyond a Gift in Your Will | Action Items
Copyright © The Stelter Company, All rights reserved.
The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.
