Estate Gifts not only provide future significant future support to Joslin, but can also reduce your taxable estate and allow you to maintain control over your legacy. They include bequests, retirement plan assets, and life insurance policies:
Bequests: Every year, bequests provide substantial support for Joslin Diabetes Center’s research, patient care, and education objectives. They are an easy and important way for donors to join the fight against diabetes. You may designate an exact amount, a percentage of your total estate or the rest, residue and remainder of your estate after all payments and bequests have been made. Here is the preferred bequest language and more information on how to include Joslin in your will.
Retirement Plan Assets: One of the most tax-efficient ways to include Joslin in your estate plans is to name Joslin as a beneficiary of your IRA or other qualified retirement plan. When left to heirs, these plans are often highly taxed—65% or more, depending on how the plan is structured. By gifting these assets to Joslin, your estate avoids substantial estate and income taxes that would be due on the unused portion.
Life Insurance: You can use life insurance to make a gift by naming Joslin as a beneficiary of your life insurance policy.
Other Types of Planned Gifts
For more information about making a planned gift please contact:
Patrick C. Schaefer
Director, Planned Giving
Page last updated: October 31, 2014