Bequests
(Complete gift description)

You'd like to help build the long-term financial strength of In Touch, but feel you cannot make a significant gift today. Your solution may be a charitable bequest. A bequest under your will or revocable trust can complement your lifestyle and commitments today while supporting In Touch tomorrow.

Donors choose a bequest because:

• It is not payable until death, so it does not affect your assets or cash flow during your lifetime.
• It is revocable – you can change the provisions in your will or trust at any time, and
• It is private – your will is not filed or made public until your death.

Your giving options are increased

• A bequest can deliver a specific gift to In Touch ("I bequeath the sum of Ten Thousand [$10,000] Dollars"). Alternately, it can deliver a percentage of the balance remaining in your estate after taxes, expenses and specific bequests have been paid — what's known as the residue ("I bequeath Ten [10%] Percent of the residue of my estate").
  
  Note: However you determine your personal and charitable distributions, your gifts are best expressed as percentages of the estate. By expressing the gift in percentages, the relationship between personal and charitable beneficiaries is maintained, even though the value of the estate may vary from time to time.

Is a bequest deductible?

A bequest from a will or a trust distribution to In Touch is fully deductible for federal estate tax purposes, and there is no limit on the deduction your estate can claim. In addition, the gift is usually exempt from state inheritance taxes.

What is the difference between a will and a trust?

A will is your instruction manual to survivors about how you want your property distributed. It is a revocable, private document that only takes effect after your death when it becomes a matter of public record.

A revocable trust is an entity that owns and holds assets during your lifetime, then transfers ownership of them — or benefit from them — upon your death, more privately, outside of the probate process.

There is no difference between wills and trusts in how they make charitable transfers. In some states the probate and distribution process is simpler with a revocable trust. Your advisors can guide you in choosing which vehicle will work better for you.

Planning points

1. The more narrowly you restrict the use of your bequest, the greater the risk that the program you want to benefit today won't be as vital or as relevant when we receive your gift in the future. Please talk with us as you are drafting your will if you want to restrict the use of your bequest.
2. Similarly, please let us know in advance if you intend to bequeath real estate, a business interest, or other specialized property to In Touch.
3. The remaining balance in your retirement plan makes a tax-wise gift to In Touch, but don't direct it to us through your will or trust – that will include the plan in your taxable estate. Use your plan's successor beneficiary form, instead.

What if I've already written my will or trust?

You can amend a will or trust to make a gift without rewriting the entire document. Your attorney can prepare a simple document, called a codicil, which adds a new bequest to us while reaffirming the other terms of your will. Similarly, and attorney can prepare an amendment to a revocable trust to add In Touch as a beneficiary.

For more information

Email us, complete the personal illustration form, or call us at 800-967-2200 so that we can assist you through every step of the process. Our services are a part of the ministry of In Touch and are without cost or obligation.

In Touch Foundation
3836 DeKalb Technology Parkway
Atlanta,GA 30340
800-967-2200 | Fax: 770-936-6396
Foundation@InTouch.org

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