Gifts by Will or Trust
A charitable Gifts by Will or Trust is one of the easiest ways you can leave a lasting impact on your local Salvation Army or program of choice.
A Gifts by Will or Trust may be made in your will or trust directing a gift to your local Salvation Army or program of choice.
Benefits of Your Gifts by Will or Trust
- Receive an estate tax charitable deduction.
- Lessen the burden of taxes on your family.
- Leave a lasting legacy.
How Do You Make a Gifts by Will or Trust?
A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift to be made to family, friends or your local Salvation Army or program of choice as part of your estate plan.
Your Gifts by Will or Trust Options
A Gifts by Will or Trust may be made in several ways:
- Gift of a percentage of your estate
- Gift of a specific dollar amount or asset
- Gift from the balance or residue of your estate
Making a Gifts by Will or Trust of Your Retirement Assets
A retirement asset, such as an IRA account, makes an excellent Gifts by Will or Trust to us. If the IRA were given to your family, much of the value may be lost through estate and income taxes. By designating your local Salvation Army or program of choice as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.