Make your legacy of compassion for victims of disaster by including Ready Network Relief in your will or estate plan.
What is a Legacy?
Make your legacy of compassion for victims and survivors of disasters by including Ready Network Relief Inc. in your will or estate plan. Not only can this bequest result in significant estate tax savings for you, but it also can ensure the viability and strength of Ready Network Relief to help serve victims and survivors. If you have any questions, please call 561-529-3004 or email [email protected]./p>
How Do I Leave a Legacy? To have a charitable gift included in your will, simply share the information below with your attorney or financial planner:
“I bequeath $_____ or _____% of my estate to Ready Network Relief Inc., 1002 Jupiter Park Lane, Jupiter, FL 33458.”
If you decide to include a gift for Ready Network Relief Inc. in your will or estate planning, please notify us so that we can make sure we have a clear understanding of your plans.
For information about additional estate planning options, please contact us at : [email protected].
Sample Bequest Language A: “I give the sum of ________dollars ($______.00) to Ready Network Relief Inc., 1002 Jupiter Park Lane, Jupiter, FL 33458 of Palm Beach County, Florida, for the general purpose and use of helping victims and survivors of natural disasters.”
B: “I give______percent (___%) of the residue of my estate to Ready Network Relief Inc., 1002 Jupiter Park Lane, Jupiter, FL 33458 of Palm Beach County, Florida, for the general purpose and use of helping victims and survivors of natural disasters.”
C: “I give______________to Ready Network Relief Inc., 1002 Jupiter Park Lane, Jupiter, FL 33458 of Palm Beach County, Florida, for the general purpose and use of helping victims and survivors of natural disasters in support of the [Name of Program]. It is my wish that this gift be specifically used to support [describe specific intent here]. If it becomes inappropriate or impossible to accomplish the purpose of the gift as described herein, then the Executive Director of Ready Network Relief Inc. may designate this bequest to be used for the benefit of a substantially similar purpose.”
What exactly, is a bequest? A bequest is the act of giving personal property through a will or trust.
Are bequests tax deductible? Bequests are often times tax deductible and can provide significant savings in Federal estate taxes. The gift is usually also exempt from state inheritance taxes.
What if I’ve already written my will or trust? You can amend your will or trust to include a gift without rewriting the entire document. Your attorney can prepare the simple statement, which is referred to as a codicil and adds a new provision while reaffirming the other terms of your will. Similarly, he or she can prepare an amendment to your revocable trust to add Ready Network Relief Inc. as a beneficiary
What’s the difference between a will and a trust? A will serves as an instruction manual to its recipients as to how you want your property distributed. It is a revocable document that takes effect after your death.
A revocable trust (also called a living trust) is a legal entity that holds assets during your lifetime and transfers the ownership of such assets upon your death. Unlike a will, assets that pass through a trust will not be subject to the probate process.
There is no difference between wills and revocable trusts in the way transfers from them are taxed. In some states, however, the probate and distribution process is simpler with a revocable trust. Your advisors can help you choose which vehicle will work best for you.
What’s the gift acceptance policy for undesignated legacy gifts? Once our six month operating reserve is fully funded, at least 50% of each undesignated Legacy Gift, defined as a bequest, beneficiary designation or other transfer from a deceased donor of cash, marketable securities and/or other assets which are liquidated after acceptance, will be designated to the Ready Network Relief Fund managed by Ready Network Relief Inc.