What is Estate Planning? Manage your wealth intelligently while leaving your legacy

through charitable giving.

Living Wills & Gift Tax Exclusions

Save 25% Now!

Probate court is a specialized court that only considers

cases that deal with the distribution of a deceased

person’s estate. Any individual who has more than

$100K in asset value will end up in probate court unless

they have created one of the following:

1. Family Living Trust

2. Charitable Private Family Foundation

3. Charitable Remainder Trust and/or other

Trust

By creating a Family Living Trust and/or Charitable

Private Family Foundation you immediately save 25%

of your assets by avoiding probate court and legal fees.

What? An estate is the total net worth or

sum of all assets (minus liabilities) of an

individual or couple. Upon the death of both

spouses, any and all assets constitute your

estate.

Why? You may ask yourself, why should I

be concerned with estate planning at this

point in my life? The answer to this question

is that you and your future beneficiaries will

be better off now and in the future if you

probably manage your wealth. Estate

planning also ensures that your estate will

never enter probate court.

When? Do your estate planning now.

International Medical Health Organization January 2009

Living Wills

! A Living Will is not a substitute for a Family

Living Trust.

! A Living Will is a complementary document to

a Family Living Trust

! A Living Will does NOT avoid probate court

Gift Tax Exclusions

A gift has to be given before death by an individual

or from their trust. Current gift exclusion rules limit

Giving to $1 million per spouse for 2009 through

2011, only if the gift is given while still living. A gift

can be given to multiple people, but the total

amount given is limited to $1 million for each

spouse.

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are living. By doing this you will save on earned

income tax dollars (at their current value). Upon

death, simply transfer your assets to your own

Charitable Private Family Foundation and save on

estate tax dollars. In this way, you can save both

while you are living and after you have passed.

Public Charities

For all donations to a Public Charity, you will

receive a tax write-off on your adjusted gross

income (AGI) on Line 31 of the IRS Form 1040.

You will get a 50% write-off for all cash donations

and a 30% write-off for all property donations.

For all donations to a Charitable Private Family

Foundation, you will also

receive a tax write-off on your

adjusted gross income (AGI)

on Line 31 of the IRS Form

1040. You will get a 30%

write-off for all cash

donations and a 20% write-off

for all appreciated property

donations. Given all of this, it

makes financial sense to give!

A Mission Fueled by Your Vision

Put your charitable vision to work today with

current earned income tax dollars. Then continue

your charitable mission with estate tax dollars

through a Charitable Private Family Foundation.

You can make all the difference to those in

need…contact IMHO today to discuss your

Planned Giving. Thank you for your support!

Support IMHO Through Planned

Giving Receive tax write-offs for

donations to Public Charities or Charitable Private Family Foundations

January 2009 International Medical Health Organization

Estate Tax Exclusions

Upon the death of both spouses, the estate will be

subject to estate taxes of up to 55% of the total

estate value after tax exclusions ($1 million starting

in 2011). One of the many tools that is available to

reduce estate taxes is through the establishment of a

Charitable Private Family Foundation.

After the death of the death of the first spouse, you

must file the IRS Form 706 within 9 months. All

assets will pass through to the surviving spouse

without any estate taxes. However, after the death

of the second spouse (or in the untimely event that

both spouses pass away at the same time), all assets

pass through to the beneficiaries of your Family

Living Trust. At that point you must file Form 706

with the IRS and pay up to 55% in estate taxes on

the value of your estate after all exclusions.

Charitable Family Foundation

A Charitable Family Foundation can become the

beneficiary of anything in excess of the estate tax

exclusion without paying any estate taxes. Your

adult children or family members can act as

Trustees of the Charitable Family Private

Foundation and can distribute annually to the

charity(-ies) of your choice.

You can also save on tax money during your

lifetime, if you transfer assets to your own

Charitable Private Family Foundation while you

www.TheIMHO.org