Remember Orcas Center in your estate planning.
Thinking about how to make a gift to your favorite charity while gaining valuable tax benefits takes careful consideration. It’s never too early to begin planning your charitable gifts.
For example, making a gift of appreciated stock can help you avoid capital gains taxes. Gifting a valuable asset, such as a home, while retaining use of or income from it during your lifetime, provides immediate tax benefits to you and reduces tax burden for your heirs. Making a bequest in your will leaves a legacy your community will benefit from for years to come.
Any estate planning should be made with the assistance of your financial advisor. Also, when appropriate, it is good to consult with a representative from the charity that stands to benefit from your plans. Doing so will ensure that the charity is able to fulfill your wishes for the use of your gift.