Ways To Help
Circle of Life
The Village Family Services invites you to define your legacy by becoming a member of its CIRCLE OF LIFE – a group of individuals who have shown their commitment to children and youth by providing for the agency through their estate plan. A planned gift for The Village Family Services not only makes a statement about what matters to you now but it also ensures that the work of the agency will continue into the future. If you would like more information on becoming a member of the Circle of Life, please contact Charles Robbins, VP, Communications & Development by email or by phone at (818)755-8786.
Ways To Make a Planned Gift
There are several ways you can make a planned gift that benefits The Village Family Services.
A bequest is a gift that you leave through your will. A will is a legal document that directs how your property will be distributed after your death. If you don’t have a will, the state will determine how your property passes when you die. If you live in a state that does not recognize marriage equality, in all probability your partner will not be entitled to inherit anything from you if you don’t have a will leaving your property to him or her. Certainly without a will none of your assets will pass to the organizations you support.
You can make a charitable bequest to The Village Family Services by leaving a specific sum of money or a specific piece of property or by leaving a percentage of your estate. You can leave a residual bequest by leaving the remainder of your estate or a percentage of the remainder after gifts to other beneficiaries have been made. You can leave a contingent bequest by stipulating that the charity receives a gift only when certain conditions have been met, for example, the charity receives only if your spouse or partner predeceases you.
Another way to leave a charitable gift to The Village Family Services is to name the agency as the beneficiary of all or a portion of your retirement fund. Leaving a gift of all or a portion of your retirement fund to The Village Family Services may also provide you with substantial estate tax benefits. To make a gift of retirement assets, simply name the agency as the beneficiary or contingent beneficiary of all or a portion of your retirement fund.
You can leave a charitable gift to The Village Family Services by naming it as the beneficiary or contingent beneficiary of all or a portion of the proceeds of a life insurance policy.
A Trust is a legal document by which a person (the settlor) transfers assets out of his or her name and into the name of the trust or the trustee. If the trust is established during the settlor’s lifetime, the settlor may also serve as the trustee. Transferring one’s assets to a trust during one’s lifetime is one way for the person to avoid the probate process. A trust can also provide for the distribution of one’s assets upon his or her death.
A living trust is a trust that is created during the settlor’s lifetime. A charitable gift can be made to The Village Family Services by providing that all or a part of the trust assets are transferred to the Task Force upon the death of the settlor. A charitable remainder trust allows the settlor or other trust beneficiaries to receive the income from the trust for a period of time. After the period of time, the remaining trust assets (or a portion of them) will be transferred to the agency. A charitable lead trust would pay to The Village Family Services an annual income for a period of time, after which, the principal of the trust reverts to the settlor or to other trust beneficiaries.
Sample Language For Leaving a Bequest To The Village Family Services:
“I hereby give, bequeath, and devise [the sum of $________], [________ percent of my property both real and personal], or [the name of a specific piece of property] to The Village Family Services, which has its principal place of business at 6736 Laurel Canyon Blvd, Suite 200, North Hollywood, CA 91606, and whose 501©(3) tax identification number is 95-4625826.”
Letter of Provision
If you’ve already included The Village Family Services in your estate plan, please let us know by completing this form and returning it by email or by mail to Charles Robbins at the agency address above. And thank you so much for providing a planned gift for The Village Family Services.
Frequently Asked Questions
I DON’T OWN MUCH. DO I NEED A WILL?
Everyone has assets – a bank account, a car, a retirement account, her mother’s china, his father’s pocket watch. If you don’t have a will, the state will determine who inherits your assets when you die. It is especially important for same sex couples and LGBT individuals to have a will to ensure that those they love but with whom they have no legal relationship will inherit from them.
I’D LIKE TO LEAVE A GIFT TO THE VILLAGE FAMILY SERVICES, BUT I’M NOT RICH. WHAT CAN I DO?
You don’t have to be rich to leave a charitable estate gift. No gift is too small . . . or too large. You can name The Village Family Services as a beneficiary of a life insurance policy or of a retirement account. If you own your home, you can direct your executor or trustee to sell your home and distribute the proceeds or a portion of the proceeds to the agency. Part of the beauty of leaving a planned charitable gift is that you don’t have to write a check today!
CAN I PROVIDE FOR MY SPOUSE/PARTNER AND ALSO LEAVE A GIFT TO THE VILLAGE FAMILYSERVICES?
Most people want to be sure a spouse or partner is taken care of. There are many ways to do this. You can provide for your loved ones through a life insurance policy and leave a portion of your estate assets to The Village Family Services. Or you can leave your entire estate to a loved one and leave a gift to the agency by naming it as a life insurance beneficiary. You can provide that your loved one receives an income during his or her lifetime and leave a residuary gift to the agency when your loved one dies. These are just a few of the ways you can provide for your loved one and also for The Village Family Services.
Contributions to The Village Family Services are tax-deductible to the full extent allowed by the law. ©2014.
The information above is for educational purposes only and is not intended to convey legal advice. The Village Family Services urges you to consult with an estate planning professional in your area to receive the best guidance for your individual situation.