Susan J. Briggs (Churchill) was a passionate advocate of libraries and the vital role they play in our communities. As a King County Library System Trustee from 1986 to 1994, she held a steadfast belief that public libraries should have a strong, deep, and diverse collection of books and other library materials that serve the needs of all residents. "Susan's foresight set the stage for the success of the Library System, and for the quality of facilities, services, and collections that residents appreciate today. Although she is no longer among us, we will remember her passion for intellectual freedom, her sense of humor, and her belief in the value of public libraries," said Bill Ptacek, KCLS Director. Susan's value of libraries and literacy programs for both children and adults extended beyond her leadership as a KCLS Trustee and was reaffirmed in her estate plan. In addition to her generous bequest, Ms. Briggs named the KCLS Foundation as a charitable beneficiary of her retirement assets. In doing so, Ms. Briggs was being tax wise in terms of which assets she left to her heirs and which assets she gave to charities. If given to her heirs, the retirement assets would have faced income and potential estate taxes. By apportioning her retirement assets to charities, her estate bypassed both income and estate taxes on her retirement assets. To learn more about how you can leave a legacy by naming the KCLS Foundation as a beneficiary of your estate plan, contact Cindy Sharek, at GiftPlanning@KCLS.org or 425-369-3225. Copyright © King County Library System , All rights reserved. The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results. |
