A Gift in Your Will or Living Trust
Interested in helping Habitat for Humanity of Teller County with our mission but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple, flexible and versatile way to ensure we can continue our work for years to come is a gift in your will or living trust, known as a charitable bequest.
A charitable bequest is one or two sentences in your will or living trust that leave to Habitat for Humanity of Teller County a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
By including a bequest to HFHTC in your will or living trust, you are ensuring that we can continue our mission for years to come. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction.
Check Out This Potential Scenario
When Tom and Martha got married, they made a point to put together a will to protect their assets. They both loved Habitat for Humanity of Teller County and decided to include a bequest of $75,000 to us in their will.
As Tom and Martha’s family grew to include three children, they decided to revise their gift to ensure their children’s future financial security. They met with their attorney and simply revised the bequest language so that their gift to HFHTC was now a percentage of their estate instead of a specific amount. Tom and Martha now rest easy knowing when they die, their plans will provide for the people and charitable work they love.
Learn How to Fund It
You can use the following assets to fund a bequest:
- Cash
- Appreciated Securities
- Real Estate
- Tangible Personal Property
- Closely Held Stock