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Hold Them Close with This 1 Step
Think about how many places you have money saved. They may include:
- Checking accounts
- Insurance policies
- Retirement plans
Now ask yourself: When I set up these accounts, did I remember to add a beneficiary? If so, did I tell that person?
Naming a loved one as a beneficiary of a life insurance policy or retirement plan assets is a heartfelt way to protect them in the future. You can also name a favorite nonprofit as a beneficiary.
Unfortunately, many people and nonprofits aren’t aware that they have been named to receive a gift. Informing them helps preserve your intentions and avoid hassle and confusion.
Protect the people and causes you love by following this simple step: Alert your beneficiaries that you have a life insurance policy or have named them as a beneficiary of a retirement plan. Share the location and details of the policy or plan with them.
As you update your beneficiary designations, consider making a gift of a life insurance policy or retirement plan to Haverford College so that we can continue our important work. We would be honored if you would notify us of your decision so that we can carry out your wishes and thank you.
We Want to Hear From You
If you have already named Haverford College as beneficiary of a life insurance policy or retirement plan assets, please contact Olga Briker, Ph.D. at email@example.com or 610-795-6079 today. If you are still creating your estate plan, we would be happy to answer any questions you may have about making this type of gift.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Haverford as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Haverford as a lump sum.