| Your Objective | Possible Strategies | Benefits to You |
| Create a legacy without affecting your cash flow | Transfer on Death (TOD): cash or securities account
OR Bequest in your Will
|
A gift costing nothing today and creating an estate tax deduction in the future. |
| Reduce long term income taxes to family members | Contingent beneficiary of your IRA or other qualified retirement plan | Income taxes are avoided on the distribution and other assets are preserved for your family |
| Avoid capital gains and increase your tax deductions | Consider a gift of appreciated securities | Capital gains are avoided at sale and income tax deduction is provided |
| Gift home but continue right to use and enjoy | Retained life estate of your home with transfer at final passing | Enjoy during your lifetime, eliminate tax and transfer complexities on a long term basis |
| Gift from income versus principal; increase tax deductions | Consider a gift of paid up life insurance or a new insurance policy with Opera Southwest as the beneficiary and possibly the irrevocable owner | Small financial commitment for a large benefit and possible income tax deductions |
| Increase your current income | Consider a Charitable Gift Annuity
OR Charitable Remainder Annuity or Unitrust |
Opera Southwest does not provide legal or tax advice. The sole purpose is to highlight potential planned giving strategies. Your tax and legal advisors should be consulted to address specific questions.
