Make a Bequest in Your Will
Create a legacy that benefits the children of the Children’s Home of York for generations to come by making a bequest in your will or a provision in your living trust. When writing or updating your will, you can choose one of the following common bequest options:
Specific Bequest: Determine a specific dollar amount or particular asset you wish to leave to the Children’s Home of York. Residual Bequest: After you have taken care of your loved ones, name the Children's Home of York to receive a percentage of your remaining estate. Contingent Bequest: The Children's Home of York becomes a beneficiary of your will, if all other beneficiaries have passed away. Testamentary Charitable Remainder Trust: Provide a life income for a loved one after your lifetime and benefit the children of the Children's Home of York.
A bequest to the Children's Home of York will reduce your taxable estate based on the tax laws at the time of your passing. Please consult your attorney before making any changes to your will.
Make a Beneficiary Designation
Beneficiary designations are the simplest, easiest way to support the children at the Children's Home of York and reduce your estate taxes. Simply name the Children's Home of York as full or partial beneficiary of your life insurance policy or retirement plan by submitting an updated beneficiary designation form to your insurance agent or plan administrator. Easy options include:
Life Insurance Policies: Name the Children's Home of York a beneficiary of your whole-life, term and employer-provided life insurance policies. You can make an important gift and realize huge current and future tax savings with no out-of-pocket expenses.
Retirement Plans: (e.g. traditional IRA, Keogh, 401(k)) By naming the Children's Home of York as a partial beneficiary of your retirement plan you can avoid substantial income taxes at the time of pay out.
Please consult with your attorney or financial advisor for a thorough analysis of the possible tax consequences.
Donate Your Vehicle
What is the real value of your trade-in?
Your trade-in may not be worth a lot at the dealer when you're buying a new car... but to the Children's Home of York, it can make a meaningful and lasting difference!Why not donate your vehicle instead of trading it in? In addition to the great feeling you'll get from knowing you're helping area children through difficult times, you may also be eligible to receive a tax-deduction for your generosity. Call (717) 755-1033 ext. 293 for more information.
