Estate Planning

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Coordinating your estate plans with your current and future financial plans, is an important step in ensuring your wishes for loved ones and closely held charities will always be met.  By visiting the American Brain Tumor Association's Estate Giving area, you have taken the critical first step in controlling your assets and your wishes.  

 

Did you know?

It is estimated only 30-40% of Americans have wills, leaving their estates - and intentions - in a very precarious situation. Most people in fact, are unaware that when you do not have a will, you leave the distribution of your estate - whether it is large or small - up to the state and its laws and statutes. This means no intended special conditions or distributions will be followed unless you specify and memorialize them in a will.

 

What are Estate Gifts?

Estate gifts often refer to a gift made during your lifetime or after, as part of your overall financial and/or estate plans. Estate gifts allow you to combine your charitable giving goals with your estate and financial planning goals. Depending on the structure of your estate gift, it can have a beneficial impact on the ABTA, your heirs, and you.  Working with a comprehensive financial planner, you may be able to increase your income now, avoid tax penalities and pass more on to your heirs.

 

The Estate Giving area of our website provides valuable information on the importance of having a will, types of estate gifts, how to include the ABTA in your estate plans and much more.  We encourage you to explore the area fully and visit our Frequently Asked Questions page. 

The ABTA thoughtfully considers all estate gifts and those of a complex nature.  We welcome any discussions you would like to have regarding your wishes. To begin the conversation, please contact our National Director of Development, directly at 773-577-8181 or mmckelvey@abta.org. 

 

 

Helpful Resources:

 
Interesting Estate Giving Information:

  • If you need to preserve your assets during your lifetime, you can plan a gift to us that will only take effect after your other obligations have ceased.
  • You can have the post-sale proceeds of appreciated property, like stocks or real estate, benefit the ABTA and may cost less than giving the equivalent amount in cash.
  • You can take advantage of appreciated securities without incurring capital gains tax through gifts of stock or appreciated assets.
  • You can give the ABTA gifts from a retirement plan, which may be subject to double taxation, leaving more to your family.
  • You can transfer ownership of a fully paid life insurance policy to the ABTA for an income tax deduction.
  • You can make gifts that cost absolutely nothing now, but will have a significant impact on the ABTA organization later.
     

Comprehensive Financial Planning:

Our best advice as you begin to explore and coordinate an estate gift tailored to your individual needs and wishes, is to discuss your options with an advisor certified in comprehensive financial planning. While the ABTA does not endorse specific advisors, you may wish to contact the National Association of Personal Financial Advisors who can assist in finding a trusted advisor in your local area.  To ensure an advisor is practicing comprehensive financial planning, this checklist may be useful. 

 

On behalf of the ABTA, thank you for your consideration of support.