BEQUESTS TO RESCUE EXPRESS TRANSPORT
When you decide to leave assets to Rescue Express in your will or trust you are making a BEQUEST. You can name Rescue Express in a variety of ways: as either a direct beneficiary of specific assets such as real estate, art, jewelry, Certificates of Deposit, cash, etc., or as a beneficiary of a percentage or lump sum of your assets. For example, if you wished to leave 50% of your assets to your family or friends and 50% to Rescue Express, or a specific dollar amount, alternatively.
DESIGNATE RESCUE EXPRESS TRANSPORT AS A BENEFICIARY OF SECURITIES FUNDS, BANK ACCOUNTS OR PENSION/RETIREMENT FUNDS
For specific types of assets, such as stocks and bonds, bank accounts, pension or retirement plans, you can designate Rescue Express as a beneficiary and avoid probate (and save fees) on these assets. These types of accounts make excellent charitable gifts because the funds in these accounts become non-taxable if they are transferred to a tax exempt organization like Rescue Express.
GIFTS OF ACCOUNTS OR SECURITIES ACCOUNTS
One simple way you can include Rescue Express in your estate plans is to designate us as a beneficiary of your securities or bank accounts. All you need to do is to fill out a “Transfer upon Death” or “Pay on Death” form provided by your financial institution. This approach is a simple, low cost way of making a lasting contribution to Rescue Express. Upon your death, the specific gift will pass to Rescue Express directly from your financial institution. Most states permit this approach, but not all.
Your pension account is designed to benefit you during your retirement. What happens if you pass away with funds remaining in your account? Did you know that you could name a charity like Rescue Express as a beneficiary to that account? Did you also know that your heirs may have to pay both income tax and estate tax on the money in your retirement account should you pass away before all the funds are disbursed? Retirement accounts are tax-deferred, meaning that income tax is not paid on the funds in the account, until those funds are distributed. Because Rescue Express is a tax exempt organization, distribution from your retirement account to Rescue Express would be tax free. This option has the added benefit to your estate and heirs as the value of the contribution reduces the taxable estate. To designate Rescue Express as a beneficiary of your retirement or pension account, simply request and fill out a beneficiary account form from your retirement fund manager.
DESIGNATE RESCUE EXPRESS TRANSPORT AS THE BENEFICIARY OR “OWNER” OF YOUR LIFE INSURANCE POLICY
You can either designate Rescue Express as a beneficiary of all or a portion of the policy proceeds. This is a simple, cost effective procedure and will keep the insurance proceeds out of probate. An estate tax deduction is permitted for up to 100% of the proceeds received by Rescue Express, which can save your estate substantial taxes and leave more for your heirs. Simply contact your insurance provider and request a beneficiary form.
CHARITABLE REMAINDER TRUST (CRT) CONTRIBUTIONS
Another way to give donations to Rescue Express is a Charitable Remainder Trust (CRT). A CRT is a way that you can make a significant future gift to Rescue Express now while receiving either a fixed income (Charitable Remainder Annuity Trust—CRAT) or a variable income (Charitable Remainder Unitrust—CRUT) from the value of the assets placed in the trust. These kinds of trusts have a great advantage over simply making an outright gift while you live or in your will. That advantage is the present tax deduction. Not only are you eligible to take a charitable tax deduction for the value of the gift, but you avoid paying a capital gains tax on the appreciated value of the asset.
RETAINED LIFE ESTATE TO RESCUE EXPRESS TRANSPORT
You can give your home, farm or other real estate to RESCUE EXPRESS now, while continuing to use or live in that property until your death (or some shorter term, if that is what you specify), and receive substantial charitable income tax deductions and gift/estate tax savings. After your lifetime, Rescue Express will sell your property and use the proceeds to continue our mission of providing life-saving transports for animals in need.
CURRENT GIFTS OF APPRECIATED SECURITIES
Current gifts of appreciated stocks or mutual funds are a quick, easy and tax-efficient way to make a lasting contribution to Rescue Express. When you make a gift of stocks or other securities to Rescue Express, you are eligible to take an income tax deduction of a specified percentage of your adjusted gross income. Additionally, when you donate your appreciated security, you will avoid the capital gains taxes you would have paid if you had sold the security outright.
Please use the information below to fill out your beneficiary forms:
Name of organization: Rescue Express Transport
Address: P.O. Box 7309, Rancho Santa Fe, CA 92067
Tax ID#: 74-2946340
Rescue Express Transport, a 501c3 non-profit organization, organized and existing under the laws of the state of California, with a principal business address of P.O. Box 7309, Rancho Santa Fe, CA 92067
DISCLAIMER: We are not qualified to give financial or tax advice. It is recommended that you seek professional counsel with an attorney and/or qualified financial advisor regarding planned giving.
Please contact Madeleine Gere
email: [email protected]