Making a Bequest:
To make a gift to St. Elizabeth Ann Seton Parish from your estate, you must make your
intentions clear in your will or trust. To ensure that your intentions are
carried out your will or trust should only be prepared in consultation with an
attorney.
Bequests to St. Elizabeth Ann Seton can include cash, securities, real estate, other
specific property or a percentage of the residue of your estate. There are
tax and other advantages of making a charitable bequest.
Gifts of Property & Real Estate:
Shares of stock, real estate or other specific property may be one of the best
gifts that can be made to St. Elizabeth Ann Seton. If you sold an appreciated asset, you
would ordinarily have to pay capital gains tax on the appreciated amount,
considerably reducing your net gain from the sale. If, however, you make a
gift of an appreciated asset to St. Elizabeth Ann Seton, you may be able to deduct the
full fair market value of the property, including all appreciation.
Life Insurance & Retirement Account:
IRA’s or other life insurance that you no longer need is another way to give
to our parish. For example, your children may be grown and the life
insurance that was intended to provide education funds is no longer needed.
A gift of a life insurance policy or a whit account, makes a very good
charitable gift. The gift can easily be made by naming St. Elizabeth Ann Seton as the
beneficiary and/or owner of the policy or account on forms .
Your gift will generate a charitable deduction to you and a valuable legacy of
your appreciation to St. Elizabeth Ann Seton Parish.
Charitable Remainder Trust:
You may make a gift to St. Elizabeth Ann Seton by irrevocably transferring securities,
cash, real estate or other property to a trustee while retaining a lifetime
income right.
The trustee manages the trust assets and pays an annuity to you, your
designated beneficiaries or both. The annuity payments can continue for
your or the beneficiary’s life or, in some cases for a specific term of years.
Thereafter, the remaining trust principal goes to St. Elizabeth Ann Seton in your name
or in the name of someone you wish to honor.
All donors are urged to seek the advice of a competent legal or tax
professional as to the consequences of their gift prior to entering into a
Planned Gift Arrangement
