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La Jeunesse understand that there are different ways to give, and that the choices you make depend largely on your personal lifestyle. Before making decisions about your own planned gifts, it is important to talk to a reputable financial planning professional to ensure you get the results you want. That person will walk you through the options and will provide you with a tailor-made plan for your financial situation. Here is a brief overview. Wills allow you to make a contribution that comes out of your estate — therefore it won't affect your resources while you are living and still need them. There is a significant tax advantage for your heirs. Consider leaving a bequest to La Jeunesse Choirs in your will. Insurance is an ideal financial vehicle for young people to leave as an affordable legacy. You can purchase a policy for a tax deductible premium of a few dollars each month until the policy is paid, and leave a significant bequest to La Jeunesse Choirs. Publicly Traded Securities - Present tax laws stipulate that if you sell publicly traded securities (stocks, bonds and mutual funds) privately, you are taxed on 50% of the capital gains. If you gift the securities directly to charity, however, you pay no taxes on capital gains while also receiving a tax donation receipt for the full market value of the securities. This means that the gifting of securities that have appreciated in value is a much more tax-efficient way to give than a comparable size gift of cash.
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