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Create a Legacy

Planned Giving Opportunities with Pet Allies

Will or trust

Retirement Assets

Life Insurance

Outright gift

 

Thank you for considering make a gift to Pet Allies through your will or trust.  Have you already named Pet Allies in your will, trust or other planning? Please let us know your plans.  Thank you for helping save the animals in this community. 

Will or Trust

There are several ways to make a gift to Pet Allies in your will or trust.  Some examples follow:

Specific gift:  You want to give a specific item or dollar amount from a specific source to Pet Allies, something like your home, a collection or antiques.  An example of how you would state this in in a will is:  “I leave my house, located at 111 Tree Lane, Show Low, to my beloved son Mathew.  I leave my car to my daughter Annie.  I leave my stocks and bonds to Pet Allies, Tax Identification number 86-0829565.”  You could also State: “I leave $50,000 to my son Mathew.  I leave $50,000 to my daughter Annie.  I leave $20,000 to Pet Allies, tax identification number 86-0829565.” 

Residuary gift:  This type of gift happens after all other bequests have been made and all expenses of the estate have been paid. An example of how you could state this in a will is: “I give all the rest, residue and remainder of my real and personal estate to Pet Allies, tax identification number 86-0829565.”

Contingent gift:  This kind of gift occurs when certain things happen, for example, if your primary beneficiary does not survive you, you can list Pet Allies as your next beneficiary.  An example of how this would be stated in a will is:  “I give all the rest, residue and remainder of my real and personal estate to my son, Mathew, if he survives me; if not, then 50 percent to any grandchildren who survive me and 50 percent to Pet Allies, tax identification number 86-0829565.”

Retirement Assets

A gift such as from your IRA or 401(k) 403(b) or other tax deferred plan, your retirement assets, can be used to avoid tax consequences.  Because Pet Allies is a nonprofit organization, it is not required to pay income tax or inheritance tax on funds donated from these type of plans.  If you designate Pet Allies as a beneficiary of all or part of your retirement assets, the full amount will be used to the benefit of the animals, and your estate can also benefit from an estate tax charitable deduction for the gift. 

To transfer your retirement assets to Pet Allies, complete the beneficiary designation form provided by the plan’s custodian.  Please remember to note our tax identification number for clarification 86-0829565. 

Life Insurance

Life Insurance
You can name Pet Allies as a primary or contingent beneficiary for all or part of your life insurance policy.  After your lifetime, the funds would be given to Pet Allies without federal estate tax and without probate.  To make this type of gift, contact your insurance agent and request a beneficiary form.  Some of the benefits to using life insurance:

Simple (little paperwork)

Financial advantage (you still own the policy)

Flexibility (you can change your mind)

Future tax savings (no inheritance tax)

Making a difference:  You gift will save lives

Here is an example of naming Pet Allies as beneficiary.  When Mathew was working, taking care of a young family, he purchased life insurance to protect his family.  Now, at retirement, his family no longer needs this protection, so he had decided to name Pet Allies as the life insurance beneficiary. 

Another way to gift insurance is to donate a paid up life insurance policy.  If the policy has a cash value, Pet Allies could have the option of holding the policy to maturity date or surrendering the policy to receive its current cash value.  You would receive a current income tax deduction, future tax savings by removing this from any taxable estate, and you will leave a legacy of kindness.

Probate Free Beneficiary Deed

Arizona is one of a number of States that allow probate-free transfers of home and other real estate.  The simple deed are easy to prepare.  You can revoke and replace with another deed if your needs change.  The deed does not transfer ownership of the real estate until death, so you can easily sell, mortgage, etc., while still living.  A deed form can be purchased from office supply and legal form supply companies, on line or at local stores.  An example of such a deed is found at the bottom of this page.  Your attorney or a number of on line agencies can prepare the deed for you.  You must list the correct legal description of the property.  You will also need to have this deed notarized and recorded.  These are things you can do on your own, or with the help of your attorney.  If you choose to use a Beneficiary Deed, please be sure to describe Pet Allies by using its name and tax identification number, 86-0829565. 

 

 

Charitable Gift Annuity

You can realize tax savings and reliable annual income while donating to Pet Allies.  Here’s how it works:

. You make a donation to Pet Allies (minimum of $10,000)

. You receive fixed annual payments for the rest of your life

. You receive a current income tax deduction for charitable donation

. Your gift will provide income for you and save the lives of homeless pets

There are many options for these annuities.  If you need help with this type of planning, Pet Allies works with Jill Tinkel State Farm insurance.  Together we can provide all the information you need to decide on the best plan for you. 

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