Planning a Gift by Age

The goal of estate planning is to provide peace of mind and financial support for you and your loved ones, and to support a favorite charity, such as St. Francis Healthcare Foundation, with a lasting gift. Here are tips on planning a gift depending on your age.

Under 40

You’re busy in your career or raising a family, but if you haven’t done so already, now is the time to create your first will and put a living will in place. Include a gift to St. Francis in your will, designate a percentage of your retirement plan assets to benefit St. Francis after your lifetime or designate a percentage of your life insurance policy.

Ages 40-54

Create your first will or update an existing one. In addition to including St. Francis in your will, you might consider donating appreciated stock you have owned for more than a year.

Ages 55-69

Make sure your will is the best it can be and plan for a financially secure retirement. Now is also a good time to consider making a charitable gift and receive fixed income for life. People in this age bracket also donate their home or other piece of property.

Ages 70+

Make sure your will is as up-to-date as possible. Here are various ways to support St. Francis at this time in your life. Leave a percentage of your assets through a gift in your will. Give savings bonds, donate your home or another piece of property, or arrange a charitable remainder trust to benefit St. Francis.

Consult with Your Adviser

Please consult with your tax attorney, tax accountant or financial adviser to determine the most advantageous form of giving for your particular financial situation.