Planned Giving

The Legacy Senior Communities is honored to be the recipient of Planned Giving by many in the community. Planned Giving is both philanthropic giving during the donor’s lifetime as well as legacy giving that extends beyond.

Planned Giving is a helpful component of estate-planning and offers income and tax benefits through various financial instruments that can be tailored to the donor’s needs and ability. Some of the benefits of Planned Giving are:

• Substantial tax benefits, especially on appreciated securities and properties. The total income, estate, and capital gains tax savings and the probate expense savings can come close to the amount transferred. The donor can receive income for life.
• Planned gifts remove property from probate, thereby reducing or eliminating probate expenses.
• Funds may be turned over to a professional manager, thereby diversifying the donor’s investment portfolio. Many giving options can assure donors income for the rest of their lives from their gifts.
• Planned gifts can prevent the dissipation of funds. Donors can provide for the needs of a dependent child or other family members who cannot manage the assets on their own.

Planned gifts can be in many forms, some of which include:

• Life insurance
• Closely-held stock
• Living trust
• Retained life estate
• Charitable lead trust
• Charitable remainder trust
• Charitable lead annuity

If you're interested in Planned Giving as a means of enriching the lives of our seniors, while retaining personal benefits as well, please contact Andrea Statman at 972-468-6160 or via email at astatman@thelegacywb.org.

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