- Income tax
- Continued use of property for life
- Avoid probate on real estate
Other planning giving options includes retirement plans, wills, and living trust. By using these options, you can determine specific assets you would like to leave to Franciscan Missionaries of Our Lady University. After your lifetime, your estate can take a charitable deduction for the full amount of your bequest. Depending on the size of your estate, this can result in a substantial tax savings.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Please note some giving areas require a minimum gift amount.