The following is an illustration of how this type of donation works.Janet and Eric, both in their late 50s, recently celebrated the birth of their first grandchild, Joey. The couple wanted to include Joey in their wills, so they set up a meeting with their estate planning attorney.
During their meeting, the attorney asked whether Janet and Eric, who gave money each year to several favorite causes, wanted to also include a charitable organization in their plans. She explained to the couple that they could change their minds at any time if their circumstances changed and the gift was no longer possible. The attorney also described how Janet and Eric could leave percentages of their estate to family, friends and charity, so that the gift amounts remain in proportion as their estate’s value fluctuates over the years.Janet and Eric decided to include a charitable bequest of 5 percent of their estate to a qualified charitable organization. They called the organization to share their plans, so the organization could express their gratitude and keep them informed of the accomplishments. Someday in the future, Janet and Eric’s thoughtful planning will provide for a generous gift in support of the organization's charitable mission.Learn How You Can HelpAlways see your estate planning attorney about making or updating your will or living trust documents. To discuss the good your future gift could accomplish at PETA, please contact Tim Enstice at 757-962-8213 or email@example.com.
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