The most common form of legacy giving is a bequest in your will specifying a gift to JFS. A bequest affords you flexibility and control over the legacy you leave behind. By deferring a gift until after your lifetime, your donation becomes exempt from federal estate taxes. The federal estate tax can take approximately 40% to 50% of one’s estate at the time of death. Making a bequest allows a larger portion of your estate to be given to your loved ones while supporting JFS. If you already have a will, you may be able to make your gift by preparing, with the involvement of your estate planning attorney, a codicil (a brief written amendment) to your will.
For more information, please contact Andrea Steinberg, Chief Executive Officer, at 609-822-1108 or email.