Remember Blue Skies for Children in Your Will or Trust The simplest and most common way to include Blue Skies for Children in estate planning is by making a charitable provision in your will or trust. This kind of charitable bequest can take several forms. It can be a designated dollar amount, or a percentage of the estate, or “the residual” – that is, the amount remaining in the estate after all other obligations and payments have been made.
If you are interested in leaving a gift to Blue Skies for Children in your will or trust, please make sure to speak with your attorney. We encourage you to provide your attorney with this sample language:
“I hereby give and bequeath __________________ (dollar amount, or percentage of my estate, or residual of my estate after other bequests) to Blue Skies for Children at 1310 Broadway Suite 2A, Bellingham Washington, 98225, for its general purposes.”
Naming Blue Skies for Children the Beneficiary of Your IRA or Other Retirement Funds Retirement funds in many ways are the perfect asset to leave to charity, because – unlike your heirs – charitable beneficiaries do not have to pay any income taxes for receiving those funds. And leaving IRAs and other retirement assets to charity is quick and easy: You simply need to notify the custodian of your retirement funds that you want all or part of a particular fund to pass to the designated charity or charities. Please consider naming Blue Skies for Children a full or partial beneficiary of one or more of your retirement funds.
Naming Blue Skies for Children the End Beneficiary of Your Donor-Advised Fund More and more of our donors have created donor-advised funds (DAFs) to manage their charitable giving. But what are your long-term intentions for those funds? Donors have the ability to tell their DAF sponsor now where to distribute the assets in their donor-advised funds if funds remain after the end of their lives. Please consider including Blue Skies for Children as a beneficiary!
Naming Blue Skies for Children the Beneficiary of Your Insurance Policy If you have a fully-paid life insurance policy and you and your family no longer need the benefit, please consider naming LPC the full or partial beneficiary. To learn more about remembering Blue Skies for Children in your estate planning, please contact: Caprice Teske Executive Director [email protected] (360) 756-6710 Tax ID: 91-2061794
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