A bequest is testamentary gift made to SeniorsPlus through a will or beneficiary designation on a life insurance policy or retirement account policy. Surprisingly, less than half of all Americans have a will, although everyone should have one. Through careful planning, more of your lifetime accumulated assets can go to those individuals and institutions that have been important in your life. When establishing your will, we hope you will consider a bequest to SeniorsPlus to help us continue in our valuable senior services and programs. Bequests are great ways to express your values and further an important cause, leaving a legacy of life for those who follow you.
If you wish to include SeniorsPlus in your will, or as a codicil to your will, please use the following language:
“I give, devise, and bequeath to SeniorsPlus, a non-profit institution, located at 8 Falcon Rd., Lewiston, ME 04240, the sum of ___________ dollars ($____) (or otherwise describe the gift), to be used by said organization to meet the most immediate needs of the institution, as determined by the governing board.”
Life income gifts allow you to leave a legacy gift to SeniorsPlus while still receiving an income for your life and/or a spouse or other loved one.
Life income gifts are an excellent way for you to support causes that you care about while maintaining your financial security. You’ll receive even more tax savings if you use appreciated property, like stocks, to fund a gift annuity. We recommend you talk to a financial advisor and/or attorney about setting up a life income gift.
Life income gifts include
Many people have insurance policies that have outlived their original purpose. For example, some people have old policies to cover the cost of a child’s education or to provide financial support to a spouse or child in case of a premature death. If the original need for a policy has been met, consider gifting the policy to SeniorsPlus. We recommend you discuss the prospect of making a gift of life insurance with an attorney.
There are ways that you can give life insurance.
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