Generosity Can Last a Lifetime
As your appreciation for helping animals grows, you may be looking for ways to make more of an impact the Connecticut’s shelter pets. If a pet has influenced your life, consider including the Connecticut Humane Society (CHS) in your estate plans so that future generations can benefit from that same experience.
Here are three ways to make a charitable impact by naming CHS a beneficiary of:
Retirement plan assets. When you leave your retirement plan assets to an individual, that person will be subject to income taxes when a distribution is made from the account. But a tax-exempt organization such as CHS can inherit the assets without paying taxes.
A life insurance policy. Your need for life insurance most likely declines with age, increasing its popularity as a charitable gift.
A bank account. Most states allow you to designate loved ones and favorite causes to benefit from your bank account after your passing. For the pets to benefit from your account, you must place a designation on the account to make it payable to CHS.
A gift made payable to the Connecticut Humane Society or by beneficiary designation gives needy pets the chance to benefit from medical and shelter services in the future. Learn more about how you can include CHS in you estate plans.