 |
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| Deferred, Revocable Gifts |
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| Deferred, Revocable Gifts Include: |
|
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Bequest in Will |
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Retirement Accounts |
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Life Insurance |
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| Bequest in Will |
 |
| Benefits to donor: |
| 1. |
Control over estate distribution |
| 2. |
Avoids estate tax |
|
 |
| Income to donor: |
None |
|
| Taxation of income: |
None |
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| Choose if objective is: |
Control, plus estate tax deduction |
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| Retirement Accounts |
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| Benefits to donor: |
Estate tax deduction if SIUF beneficiary |
|
| Income to donor: |
None |
|
| Taxation of income: |
None |
|
| Choose if objective is: |
Control, plus estate tax deduction, no income tax
on distribution |
|
|
|
| Life Insurance |
|
| Benefits to donor: |
| 1. |
Tax deduction for premiums paid on existing policy |
| 2. |
Tax deduction for cash/replacement value for paid-up policy |
| 3. |
Avoids estate taxes |
|
|
| Income to donor: |
None |
|
| Taxation of income: |
None |
|
| Choose if objective is: |
Deduction, plus ability to make large gift for low cost |
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