Friday June 23, 2017

IFAW in your Estate Plan

Naming IFAW in your Will or Trust

Including IFAW in your Will or Trust is one of the easiest and most valuable gifts you can give to the animals.
If you do not have a Will or Trust, or have not included IFAW, why not take the opportunity to do so now? It's simple: You can leave IFAW:

* a specific $ amount
* specific property (such as securities, savings bonds, real estate, or personal property)
* after providing for loved ones, a percentage or portion of what remains of your estate (at less risk from inflation this option provides the most benefit for animals)

If you already have a Will or Trust, there is no need to change or redraw the entire document. A simple, and substantially less costly, "Codicil" or "Amendment" to the original document may suffice.

Naming IFAW in your Life Insurance Policy, Retirement Account (IRA, 401K, Roth, etc.) or financial account (CD, savings, etc)

Most financial accounts allow you to designate IFAW as a beneficiary upon your passing. Simply contact your bank or your plan administrator for specific instructions.

FOR YOUR ATTORNEY/FINANCIAL ADVISORS

Always consult a professional before establishing or amending your Will or other estate documents. He or she will need the following:
* IFAW is a 501(c)3 tax-exempt non-profit organization
* Our legal name: "International Fund for Animal Welfare, Inc."
* Our legal address: 290 Summer St., Yarmouth Port, MA, 02675, USA
* IFAW's Federal identification number is: 31-159-4197

Suggested Bequest Language:

"I give, devise, and bequeath to the International Fund for Animal Welfare, a nonprofit organization, located at 290 Summer Street, Yarmouth Port, Massachusetts, 02675, USA, the sum of $_____ (or specific property, or a designated percentage or remainder of my estate) to be used by IFAW to further its goal to assist and protect animals around the world."

scriptsknown