LEGACY GIFTS AND PLANNING
Legacy planning is the process of deciding how to best transfer your assets during your lifetime as well as at death. Not planning ahead for the future could cause the loss of a sizable portion of your estate to taxes. Avoiding unnecessary taxes is certainly a motivation for creating an estate plan, but many people find that the ability to carry their values through from their own generation to the next is even more important. Many of the Food Bank’s supporters tell us that they want to leave a legacy of helping the hungry for their children and grandchildren to live by.
Legacy gifts may include gifts of cash, securities, retirement plan assets, savings bonds, real estate, life insurance or other assets.
For more information, please visit our resource for charitable gift planning.