Include Westchester Children’s Association in your will
You’ve taken care of your retirement and your own children…what about Westchester’s children? Your legacy will make a difference to the children of Westchester, and ultimately to our entire community.
With a will, you can designate:
- A specific dollar amount
- A percentage of your estate
- The residual amount of your estate after other beneficiaries receive specified amounts
Or you can name Westchester Children’s Association as beneficiary of a life insurance policy, an IRA, a 401K, Keogh or other pension plan.
Alternatively, you can donate a specific asset such as real estate or stocks.
Your will can be amended at any time.
Bequest options to consider when making your will
Some donors find that the best way they can help Westchester Children’s Association (WCA) continue its mission of helping and protecting children is by making a bequest in their will. There are three different kinds of bequests, but with each, the entire value of the bequest is eligible for an estate tax charitable deduction.
You designate a particular property (such as shares of stock), dollar amount, or percentage of your estate to be transferred to WCA.
You designate all or a portion of your estate to be transferred to WCA only if a named beneficiary predeceases you.
You designate all or a portion of your remaining (residuary) estate to be transferred to WCA, only after all other beneficiaries (including debts, taxes, and other expenses) have been paid.
Even a small percentage of your estate can make a difference to Westchester’s Children. If you decide to make a bequest, share your plan with your attorney and financial advisors, who will draft appropriate language for your will and help structure the gift effectively.