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Understanding Probate: A Comprehensive Guide to the Probate Process

Planned Giving

However, this essential procedure plays a critical role in ensuring that a loved one’s wishes are honored after they pass away. The church courts handled probate issues, ensuring that the deceased’s soul was cared for through proper distribution of their estate. Assets that must go through probate are known as probate assets.

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Two Federal Bills Target Nonprofit Retirement Plans

The NonProfit Times

By Paul Clolery Nonprofit employees with 403(b) retirement plans would be able to participate in collective investment trusts (CITs), if new federal legislation passes and is signed into law. ” If passed and signed into law, it would make available a tax credit of up to $5,000 for the three years of a retirement plan’s operation.

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The Nonprofit’s Guide to Legacy Giving

Qgiv

One way your donors can help you extend your impact is through legacy giving. Legacy giving is a committed donation a donor plans to leave to a nonprofit organization as part of their estate after they’ve passed away. Here’s a look at seven of the most common types of legacy gifts: Bequests through wills and estate plans.

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Why Planned Giving?

Planned Giving

These include gifts of equity, life insurance, real estate, personal property, or cash. Another example is a bequest — which can be as simple as informing your financial institution through a designation form that you would like all or a portion of your estate left to your favorite charity. What is Planned Giving? What can John do?

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Women’s Comprehensive Guide to Estate Planning

Center for Major Gifts

This guide will take you through the essentials of estate planning, highlighting its importance, timing, and the key elements you need to consider. It, along with an advance directive and a durable power of attorney for healthcare, ensures your wishes are followed through by a designated person. Why Focus on Estate Planning for Women?

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Your Open House on Gifts of Real Estate

Center for Major Gifts

While these words, though seen frequently, are valid, rarely are they fulfilled more meaningfully than through a gift of real estate to the nonprofit you cherish most. Many parents and grandparents purchase second homes and assume their heirs will want this property after passing. Maintenance fees, utilities, taxes, and insurance.

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Impactful Legacy Giving Benefits for You and Your Donors

The Fundraising Coach

This is completed either by setting aside a donation to be given after the donor passes away or by giving a gift during their lifetime that continues to grow following the donor’s passing. Life insurance: Donors can list your organization as a beneficiary on their life insurance policy.