A Comparison of the Ways to Make a RCP Planned Gift Continued

 

Your Gift

Bequest of Living Trust

Retirement Plan Designation

Charitable Lead Trust

Gift of Life Insurance

Your Goal

Make a revocable gift during your lifetime but defer its distribution to the Medical Foundation for the benefit of UNC-CH RCP Program

Avoid the multi-layered taxation on IRAs or other retirement assets

Reduce gift and estate taxes on assets you pass to children and grandchildren

Make a future gift to the Medical Foundation for the benefit of UNC-CH RCP Program

Make the Gift

Name the Medical Foundation for the benefit of UNC-CH RCP Program in your will or living trust (designating a specific amount, a percentage of the share of the residue)

Name the Medical Foundation for the benefit of UNC-CH RCP Program as the beneficiary of your retirement account to be distributed upon your death

Create a trust that pays fixed or variable income to the Medical Foundation for the benefit of UNC-CH RCP Program for a specified term of years; the principal is retained for your heirs

Contribute a life insurance policy you no longer need and name the Medical Foundation for the benefit of UNC-CH RCP Program as the beneficiary

Your Benefit

Avoidance of federal estate tax (estate tax reduction)

 

Maintain control of your assets during your lifetime

 

Avoidance of the multi-layers for federal and state taxes that would be due if you left assets to your heirs

 

Reduce you taxable estate

 

Your family keeps the assets, often with reduced gift and estate taxes

 

Current income tax deduction if you give an existing policy with cash value

 

Possible future charitable deductions through gifts to pay policy premiums

 

Return to Initial Comparison Download a PDF file Showing All Eight Options