Planned Giving and Bequests
Making a planned gift to PALS is a meaningful way to carry forward your compassion and concern for animals. Additionally, this type of giving may help you achieve specific financial goals, such as reducing or eliminating certain tax liability.
Speak with your lawyer or financial planner about planned giving.
Perhaps the most straightforward planned giving option is to make a bequest in your will. Regardless of your age or financial status, a will is essential to ensure that your property is distributed according to your wishes instead of the arbitrary laws of the state in which you live.
Bequests made through your will may take various forms:
- Specific Bequest: Directs a specific dollar gift or property to pass to PALS.
- Percentage Bequest: Designates a percentage of the total value of the estate as a gift to PALS.
- Residual Bequest: Directs that PALS receive the remainder of the estate, or a portion of the remainder, after all expenses and other bequests have been made.
A bequest to PALS is not subject to Federal or estate taxes, and there's no limit on the amount of the deduction. Most importantly, your bequest to PALS will help ensure the organization's ability to provide care and protection for animals in future years.
Speak with your lawyer or financial planner about bequests.