Ways to Leave a Legacy
Wills and Estate Planning
Do you have a will or revocable living trust? Have you included the Lakeside Volunteer Rescue Squad in your estate plan? In light of recent federal estate tax changes, it is a good idea to review your existing estate plan to make sure your current plan reflects your wishes. It’s easy to include the Lakeside Volunteer Rescue Squad as a beneficiary in your will or living trust.
Stock and Mutual Funds
Do you own stock or mutual funds that have appreciated in value? By transferring the shares directly to the Lakeside Volunteer Rescue Squad, you’ll receive a valuable income tax deduction and avoid paying the capital gains tax that you would have paid if you sold the shares yourself.
Do you own a vacation home or rental property that takes up too much of your time with endless projects and oversight of the tenants? Consider making a donation of the property directly to the Lakeside Volunteer Rescue Squad. For your generous gift, you may receive an income tax deduction and may avoid paying the capital gains tax that you would have paid if you sold the property yourself.
Increase Your Income
It is possible to make a gift and get paid back in return. By donating cash, stock, or real estate to a life income plan, you can count on an income stream for life and receive an income tax donation. There are many ways to establish a plan that will meet your particular needs.
More than likely the primary beneficiary on your life insurance policy is your spouse, child, or other relative. Please consider naming the Lakeside Volunteer Rescue Squad as an additional beneficiary and split the insurance proceeds according to a set formula. For example, you can name your spouse as primary beneficiary of 75% of the proceeds and the Lakeside Volunteer Rescue Squad as beneficiary of 25% of the proceeds from the insurance.
As an enduring tribute to a family member or loved one, the Lakeside Volunteer Rescue Squad would be happy to assist you in choosing an appropriate commemoration for your gift in honor of, or in memory of, someone special to you.