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Gift of Personal Residence or Land
Reduce your taxes, ease the demands of owning property, and provide you and your lifetime income. The Land Trust accepts two types of real estate gifts, both of which support our work to protect land in Island County. Conservation lands and properties intended for sale. You may make an outright gift of the property, give […]
IRA Designation
Most Individual Retirement Accounts (IRAs) are income tax–deferred, meaning that income tax is not paid until the funds are distributed to you in life or upon your death. This taxation makes retirement assets among the most costly assets to distribute to your loved ones. The naming of a nonprofit, such as the Land Trust, as […]
Life Insurance
You can designate the Land Trust as a beneficiary and insurance policy. When the time comes, the Land Trust receives proceeds from the policy. This allows you to provide a large gift to benefit land preservation — often more than you’d be able to donate outright. The donor’s heirs benefit as well, because policy proceeds […]
Bequests
Bequests allow you to choose whether the Land Trust will receive a specific dollar amount, an asset, a percentage of your estate, a contingent bequest in the event you outlive your heirs, or a portion of the remainder of your estate after provisions for family and friends have been made. Under current tax law, all […]
