Your act of generosity, our longevity
With a planned gift, you can provide long-lasting support for Homes For Our Troops to ensure a Veteran has place to call their forever home, while enjoying financial benefits for yourself and your heirs.
Types of Planned Gifts:
- Individual Retirement Accounts (IRAs)
- Gifts of Appreciated Stock
- Name HFOT as a life insurance beneficiary
- Name HFOT as a 401k retirement beneficiary
- Charitable Remainder Trust
The Benefit of Written Gift Instructions
Homes For Our Troops requests that all Legacy Gift donors fill out our Declaration of Future Intent form. Having this signed document detailing the donor’s instructions and HFOT’s acceptance of those instructions, on file with Homes For Our Troops gives the donor the flexibility of modifying the donor’s purpose without the necessity of rewriting the donor’s estate plan. Most donors find this provision attractive. Although HFOT does not ever publish donation information, we want to be able to thank you personally for including HFOT in your estate.
Sample Bequest Language:
There are three basic types of bequest — a specific bequest; a residual bequest, which leaves the remainder of one’s estate after debts, taxes, expenses and other bequests; and a contingent bequest, which provides for a contingent beneficiary if one’s first-named beneficiaries do not survive. Sample will language for each type follows:
“I give, devise and bequeath (insert dollar amount or percent of estate) to:
Homes For Our Troops, a not-for-profit corporation organized and existing under the laws of the State of Massachusetts and having an office at Taunton, Massachusetts.”
“I give, devise and bequeath my residuary estate, which is all the rest, residue, and remainder of my property, real and personal of every kind and description and wherever located (including all legacies and devises that may for any reason fail to take effect), belonging to me at the time of my death or subject to my disposal by will, to Homes For Our Troops, a not-for -profit corporation organized and existing under the laws of the State of Massachusetts and having an office at Taunton, Massachusetts.”
“If the above-named beneficiary predeceases me, then I give, devise and bequeath such amounts or property absolutely to Homes For Our Troops, a not-for-profit corporation organized and existing under the laws of the State of Massachusetts and having an office at Taunton, Massachusetts.
Homes For Our Troops is an excellent beneficiary choice for a 401k or IRA plan. HFOT does not pay income taxes as a result of the gift whereas an individual may have income taxes due because of being a named beneficiary. Please check with your IRA or 401(k) custodian to include HFOT in your plan.
The preceding suggested language or forms for bequests are to serve as general information and should be rewritten and adapted to the donor’s specific purposes and conditions by the donor’s attorney.
Estate plans should be prepared by and with the advice of an attorney to ensure that your intentions are carried out. HFOT staff is available for additional information on the various methods of designating a bequest to HFOT but cannot serve as legal counsel of give financial advice. You should rely on your attorney or advisor in all matters regarding your estate plans. Homes For Our Troops staff does not prepare estate planning documents and is not engaged in the practice of law.
ORGANIZATION NAME AND EIN#
Legal Name: Homes For Our Troops, Inc.
EIN #: 54-2143612
FOR MORE INFORMATION:
Suzanne Shaheen, Planned Giving Officer, [email protected] or 508-823-3300 ext. 241