Advantages of Bequest Gifts

Estate planning is not just for individuals concerned about possible estate tax issues. It also provides direction in case you become incapacitated, determines care for minor children, and provides the opportunity to address the unique situations of one’s family. A will is a key component of a person’s overall estate plan; a way to ensure the property accumulated over your lifetime goes exactly where you want it to go. Without such a document, the state has a distribution plan which may or may not be in accordance with your wishes. A will (or living trust) also provides the opportunity to remember and provide for friends, pets, and organizations you care about.  

There are many advantages to bequest gifts through your will: 

• Easy to arrange. A will enables you to direct gifts from your estate to Classical KING.  It is simple for your attorney to incorporate gift language, using the sample language we provide. A gift can likewise be easily incorporated into a revocable living trust. 
• Retain full ownership and use of your assets throughout your life. Perhaps you want to make a gift to support Classical KING but are not comfortable giving belongings you may need in the years ahead. A bequest allows you to make a gift while preserving your access to the gift assets, should you need them. 
• Flexible. A gift is not set in stone and can be changed if your life circumstances change. 
• Possibly reduce taxes payable by your estate. A bequest to Classical KING results in a dollar of estate tax charitable deduction for every dollar of gift.  If your estate is large enough to pay estate tax, this deduction will result in substantial tax savings. 
• Support an organization you care about. Through your estate you can support the next generation of classical music listeners, ensure the continuation of our programs such as Northwest Focus LIVE broadcasts, Unmute the Voices and Second Inversion and transform the perception of classical music forever.