Plan a simple bequest
Including a charitable bequest in your will is a simple way to make a lasting gift to your community. When you make this gift through Kern Community Foundation, we establish a special fund that benefits the community forever and becomes your personal legacy of giving.
How to bequeath a gift
You can decide to make a bequest to charity at any age by adding to an existing will or drafting a new one. In doing so, you leave a legacy to your community, while enjoying the assets you need to maintain your current lifestyle. Plus, you are able to distribute some or all of your assets, tax free.
You can give cash, appreciated stocks, or other assets. Some of the most tax-efficient asset types to give through your estate plan come from retirement plan accounts, since heirs would be taxed on the income in respect of the decedent (IRD). Through your will, you can choose to give a stated dollar amount, a specific property, a percentage of your estate, the remainder after distributions to other beneficiaries, or you can make your gift contingent on certain events.
Does a free, personalized analysis of your charitable assets giving and objectives sound helpful? Contact us and we can "run the numbers" on a variety of scenarios. We can also work in tandem with your financial advisor.