Living Trusts, Wills and Bequests
Passiflora membranacea can be seen in the Entry Garden and Meso-American Cloud Forest
Photo Credit - D. Kruse
Using funds from a retirement account to make bequests is often a good strategy. If there is a balance in your retirement account at your death, not only is there a potential income tax burden, but there may be estate taxes as well. Estimates are that taxes could eat up as much as 70-75% of retirement assets under certain circumstances. Careful planning concerning retirement funds needs to be done. Some additional information regarding retirement assets is available.
Another option to consider in making a gift is to use life insurance policies that are no longer needed or necessary. There are some different ways to make a gift of life insurance.
Ann and David found both their lives greatly enriched by their gift to the Botanical Garden Society - they are so pleased by their legacy.
Now click here to meet Susan and Fred.
For tax purposes, the San Francisco Botanical Garden Society, I.R.S. 501(C)(3) number is 94-6050168. All donations to the San Francisco Botanical Garden Society are tax-deductible to the fullest extent of the law.