Gift of IRA IRA During Life: after age 70 ½

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Presentation transcript:

Gift of IRA IRA During Life: after age 70 ½ You may donate up to $100,000 of your RMD directly to the Long Beach Century Club without income tax. IRA Testamentary: Designate the Long Beach Century Club as a beneficiary of part or all of your IRA .

Lifetime Gift of Life Insurance For a person that does not need the life insurance anymore. You can gift the policy to Long Beach Century Club and receive an income tax deduction. You can donate the annual premiums and receive an income tax deduction. Gift of Policy Life Insurance -Ross Perot/Bill Gates -What are they waiting for? -Coupon Story

Testamentary Gift of Life Insurance Any estate that leaves a bequest to the Long Beach Century Club will receive a charitable deduction from estate tax! You can designate a percentage. 50% to Century Club 50% to Family Life Insurance -Ross Perot/Bill Gates -What are they waiting for? -Coupon Story

Wills & Trusts Leaving a Legacy Any estate that leaves a bequest to the Long Beach Century Club will receive a charitable deduction from estate tax! You can designate a specific amount or leave a percentage. $100,000 bequest Will or Trust -Ross Perot/Bill Gates -What are they waiting for? -Coupon Story

Gift of Remainder Interest in Residence Stay in your house for life Deed Gift a remainder interest to the Long Beach Century Club & receive immediate income tax deduction

The Charitable Remainder Trust Donor’s Property Contribute Income CRT pays income to donor for life or a selected term Charitable Remainder Trust: Charitable income tax deduction Trust sells property without incurring capital gains Assets accumulate without incurring taxes Assets are out of estate - no federal estate tax Remainder Assets