Red Cross Work Book

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Touching the FutureGuide and Workbook for Estate Planning and Charitable Giving





Foreword

Supporting the American Red Cross is an effort that unites thousands of Americansevery year. The decision to give to the Red Cross is personal. Most discussionsabout giving begin and end with values — your personal values and our sharedcommunity values.

We hope to inspire you to prepare for your family’s financial future by completing your will. The Estate Planning Workbook portion of this booklet is designed to help

you organize the personal information you will need to draft your will. We’ve alsodeveloped a convenient form you can complete on your computer.

Work with paper and pen, or use our downloadable workbook. Choose the version that works best for you! The important thing is to get started now so you can make your wishes known to your heirs.

As you reflect on how to allocate your estate, we hope you will consider supporting theorganizations you value most. We will also share a few approaches other Red Crossdonors have used to express their philanthropic values.

Making a direct bequest to family members and to the charities you care about is themost common form of giving. We will outline how other giving options might allow

you to help the Red Cross and to preserve resources for yourself during your lifetimeor for your beneficiaries.

If you need additional information, please call 1-800-797-8022 ext. 5, [email protected] or contact your local American Red Cross Chapter.

A Red Cross Gift Planning Officer will be happy to answer your questions and help you consider options for an estate plan that reflects your wishes and values.

With many thanks for your support of the American Red Cross,

Rebecca LockeExecutive Director, Gift Planning

2 Touching the Future





Table of Contents

Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Why Everyone Needs a Will . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

When to Revise Your Will . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Get a Head Start on Writing or Updating Your Will . . . . . . . . . . 7

Three Pillars of Every Estate Plan . . . . . . . . . . . . . . . . . . . . . . . . 9

Estate Planning Workbook . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Charitable Giving Through Your Will or Estate Plan . . . . . . . . . 36

Including the Red Cross in Your Will . . . . . . . . . . . . . . . . . . . 37

Making a Gift Outside Your Will . . . . . . . . . . . . . . . . . . . . . . . 39

Gifts that Benefit You and Keep the Red Cross Strong . . . . . 43

Glossary of Estate Planning Terms . . . . . . . . . . . . . . . . . . . . . . . . 47






Introduction

Plan now for ameaningful future

Being prepared is one of the keyprinciples of the American RedCross. So we consider it a privilegeto help you prepare your estate plansand get your financial affairsin order.

This Guide and Workbook for Estate Planning and CharitableGiving was developed to beinformative and useful. It will helpsimplify what might otherwise seem adaunting task. In this compact Guide,

you’ll find a basic overview of willpreparation and ways you can pass along

your values as well as your possessions.

As a friend of the American Red Cross, you share a legacy of compassion withfellow supporters and the earliest RedCross visionaries — Henry Dunant, fatherof the International Red Cross Movement,and Clara Barton, founder of the AmericanRed Cross.

So while you use this Guide to organize your personal information and begin

preparing your will, we hope you mightremember the important work of the American Red Cross and consider makinga legacy gift, of any size, to help ensureour future.

The final pages of the Guide explain many ways you can help. Whether your legacy isdirected to the National Red Cross or to aspecific chapter or program, no gift has amore lasting impact than a bequest or giftfrom your estate.

It is truly an honor to help you beginplanning your estate. Please use this Guide

well, so that your final wishes can be apersonal expression of your life and values.

“T he R ed Cr oss has tr ul y ear ned the r eputation of not onl y being f ir st on the gr ound dur ing disaster s … but f or exer cising car ef ul stew ar dship ov er all f inancial contr ibutions!






Why Everyone Needs a Will

Write your will, or thegovernment decides

Of all financial documents, perhaps noneis more personal or more important than

your will. This single instrument conveysthe wishes and priorities of a lifetime, andspeaks volumes about what matters to you.

A will tells friends and family members

precisely how you’d like your materialassets distributed after you’re gone. Itsaves those you leave behind unnecessarydistress by clearly articulating youropinions and decisions. It alleviatesguesswork, speculation and doubt in theminds of those affected by your death.

Some people mistakenly believe thatunless they’ve accumulated great wealth

and a complex assortment of financialholdings, they don’t need a will. That’sfar from the truth.

Without a legitimate will, the government —not you — will decide how your affairs arehandled. There is no guarantee that itschoices will be those you would have made.

Prepare your will now and youwill be able to:

• Select an individual you trust toserve as executor and make sureyour wishes are carried out

• Determine who will serve as guardian

of your minor children or dependentsand manage their finances

• Make tax-wise decisions for thedistribution of your assets

• Ensure friends and causes importantto you are included

Once this cornerstone document

is in place, you can complete yourestate plans with two other importantdocuments: a power of attorneyand a living will (also known as anadvanced directive). With thesedocuments you can:

• Designate who will have authorityto make financial and legal decisionsif you become unable to handle your

own affairs

• Clarify your feelings regarding end-of-life measures — then empoweran individual to carry out yourmedical wishes






Pass along your possessionsand values

In truth, all people have possessions thatneed to be disbursed when they’re gone.Think about it. Most people possessfinancial holdings such as checkingaccounts, saving accounts, retirementsavings, real estate, life insurance,stocks and bonds.

Many individuals also have personal belongings like automobiles, artwork,silver flatware, fine china and electronics

with real or sentimental value. Familyheirlooms of jewelry, photographs andhandmade crafts hold great personal

value. Unless such items are specificallyaddressed in an estate plan, disputescan be the source of family discordand arguments.

Keep your will as simple, or asdetailed, as you wish

Your will can be as specific, or as general,as you wish. You can include instructionsand wishes on virtually any subject —from directing the care of a beloved familypet, to passing along treasured belongingsto those who will most appreciate them.

By preparing your will now, you’ll help your loved ones avoid strife and heartacheso they can mourn your loss and begin thehealing process. You can help reduce thetrauma and confusion for those you love.

Having your affairs in order for grievingloved ones will give you peace of mind.

You can feel confident that you have

helped them by fulfilling one of your mostimportant responsibilities: leaving a will,so they can make it through a difficulttime. By planning ahead, you can alsohelp organizations continue the good

work that you have supported during your lifetime.

“ A f t er w e ar e g one, our g if t w ill c ont inue t o hel p mak e a dif f er enc e in peo ple’ s liv es. T he R ed C r oss has been in business f or ov er a c ent ur y , and a hundr ed y ear s f r om now w e t hink it w ill st ill be in business.”






When to Revise Your Will

At the very least, your will should be reviewed and possibly revisedany time you experience a major life change such as:

Creating a will is a landmark accomplishment. But even if you already have a will, you’ll want to examine it periodically to make sure it continues to reflect your wishes.

When needed, revisions can be addressed through an amendment, or codicil. This is asimple attachment that can be added to your existing will. For major revisions, it is bestto seek professional advice from an attorney.

• Loss of a spouse

• Remarriage or divorce

• Death of an heir

• Significant change in the health of yourproposed executor or alternate executor

• Changing relationships with familymembers or others you may have included

• Birth of children or grandchildren

• Major shifts in assets, such as thesale of real estate or a business

• Maturation of long-term investments• Changes in estate tax laws that

impact the distribution of your assets

Completing the following workbook will be very helpful in drafting or amending your will. It includes sections on manytypes of assets, and it will consolidate all

of your important information into thissingle document.

You may not be able to answer all thesections at once. That’s fine. Fill out asmuch as you’re able. You can always returnto sections that require extra research ordiscussion. The important thing is to stick

with it. Don’t let completion of the entire

workbook keep you from organizing andacting on your estate plans.

Once you have the basic information filled

in, you can meet with your attorney. Whileit’s best to have as much completed aspossible, you can always finish entrieslater. Every day you wait leaves yourheirs unprotected.

For more information on gift opportunities,please review the section that begins onpage 36.

Get a Head Start on Writingor Updating Your Will






Gathering information for your will can feel overwhelming. But it doesn’t have to be.The process falls into four main phases. Just follow these simple steps.

If you have any questions or would like any help getting started or completing your estateplans, we invite you to call the Gift Planning Office at the American Red Cross. You canreach us toll free at 1-800-797-8022 ext. 5 or email us at [email protected].

Organize Your Thoughts,Feelings and Information

STEP 1:

Learn about your optionsfor estate planning. Spendtime with this Guide, including theestate planning information and

definitions in the glossary at theend of this workbook. You’ll soonhave a basic understanding of thevocabulary and planning toolsavailable to you.

STEP 3:

Meet with an attorney

to share your information andformalize your will. With thiscompleted workbook in hand,you’ll be well on your way.

STEP 2:

Organize your assets (use thefollowing estate planning pillarschecklist and workbook). Systematically complete the workbook, noting

account numbers and financialdetails where prompted. Keep thisinformation in a convenient, secureplace so you can easily return to itand continue working if need be.

STEP 4:

Share your intentions

with loved ones, your executor andany charities you may include. At thevery least, you should leave a copy ofyour will with your attorney, and makesure your executor has your attorney’sname and contact information.






Three Pillars of Every Estate Plan

Conveying your wishes in a will isimportant. But two other documentsare equally important: a living will (also

known as an advanced directive) anda power of attorney . Both can easily be amended or revoked if you change yourmind. But by taking care of these mattersnow, you can save your loved onesimmeasurable grief and stress.

A living will lets medical personnelknow whether or not you want measurestaken to support your life if and when

such measures become needed. Thesemeasures can range from temporary nutrition to breathing assistance andmore. Most hospitals can provide youa form at no charge. It must be signed

well ahead of time, while you are of soundmind, in order to be valid. It’s a good ideato read and complete your living will,and to make sure your family membersunderstand your views on end-of-life

issues. Unless you have a living will,medical personnel will do everything

within reason to sustain your life. Check your local and state laws for clarification.

A power of attorney gives someone theauthority to make decisions for you if you

become unable to handle your own affairs.

It’s possible to define the types of decisionsthis person may make and for how long.Like a living will, a power of attorney may

be amended or revoked at any time.

When selecting an individual to servein this role, choose carefully. Most peopledesignate a family member or trustedfriend. It’s a good idea to discuss thisappointment in detail so the individualis clear on his or her responsibilities and

will not be surprised by the role.

“I hav e been w ith the R ed Cr oss f or ov er 20 y ear s. T his is an oppor tunit y to giv e back to the or ganization that has giv en me gr eat oppor tunities to gr

ow . T his gif t helps suppor t the R ed Cr oss mission and helps teach m y childr en to alw a y s giv e back , w hether f inanciall y or as a v olunteer .”

Will LivingWill

Power of Attorney






Use the Following Workbook to Prepareto Meet With Your Estate Planner

Planning Steps:1. Determine your assets. Use

this workbook to make a listof all your assets.

Do not permit this step toprevent you from continuingwith the estate planning process.

2. Identify people and causes you’d

like to benefit through your will orestate plan. Consider family, friends,organizations, charities, church, etc.

3. Determine what you would like to leaveas a legacy. Consider each beneficiaryon your list and decide what benefit

you want to give to each one.

4. Determine how you can accomplish

your plans. Reading through thisGuide will acquaint you with the manygift vehicles available and prepare youto meet with your estate planningprofessional in Step 6.

5. Decide on an executor, trustee andguardian, as appropriate. Whichindividuals and institutions do youtrust to carry out your wishes? Ask

these individuals if they are willingto perform the proposed duties.

This workbook should be treatedas you would passwords, receiptsand photos. Store it in a secure,electronic location. If you do printit out, keep in a secure physicallocation such as a lockbox orhome safe.

6. Consult your attorney and includeother estate planning professionalssuch as financial advisors if needed.Put in place your plan to accomplish

your goals. Be sure to complete anyrequired documents.

Thank you for downloading thiseasy-to-complete PDF. Now you can:

• Edit and save your information

• Store on your computer for privacy • Ensure clarity with typed responses • Share your completed form

conveniently

Want to offer this Guide and form to afriend or loved one? Simply have them visit www.redcrosslegacy.org/workbook

to download their own copy today.

!

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Estate Planning Workbook

Courtesy of the American Red Cross

11 Estate Planning Workbook





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DATE PREPARED: _______________________

PERSONAL INFORMATIONFOR THE ESTATE OF:

Full Name:

_______________________________

Current Address:

_______________________________

_______________________________

_______________________________

Telephone Number:

_______________________________

Former Addresses

Former Address #1:

_______________________________

_______________________________

_______________________________

Dates of Residence at Address Listed Above:

_______________________________

Former Address #2:

______________________________________________________________

_______________________________

Dates of Residence at Address Listed Above:

_______________________________

Social Security Number:

________ - _______ - _____________

Date of Birth: _____________________

Place of Birth: _____________________

Father’s Name:

_______________________________

Mother’s Maiden Name:

_______________________________

Location of Birth Certificate:

_______________________________

Marital Status:

Single Married Widowed

Divorced Separated

Spouse’s Name: _______________________________

Date of Birth: _____________________

Occupation: ______________________

Social Security Number:

________ - _______ - _____________

Citizenship (if other than U.S.A.):

You: ___________________________

Your Spouse: _____________________ Location of Marriage Certificate:

_______________________________

Any Former Marriages?

You: Yes No

Your Spouse: Yes No

Children of Current Marriage(including adopted children)

Name: __________________________

Birthdate: ______________ Sex: ______

Married Children #:____ Ages: ______

Name: __________________________

Birthdate: ______________ Sex: ______


Name: __________________________

Birthdate: ______________ Sex: ______Married Children #:____ Ages: ______

Name: __________________________

Birthdate: ______________ Sex: ______


Name: __________________________

Birthdate: ______________ Sex: ______







Name: __________________________

Birthdate: ______________ Sex: ______


Children of Your Former Marriages

(including adopted children)Name: __________________________

Birthdate: ______________ Sex: ______


Name: __________________________

Birthdate: ______________ Sex: ______


Name: __________________________

Birthdate: ______________ Sex: ______


Children of Your Spouse’s Former

Marriages (including adopted children)

Name: __________________________

Birthdate: ______________ Sex: ______


Name: __________________________Birthdate: ______________ Sex: ______


Name: __________________________

Birthdate: ______________ Sex: ______


Do any of your children have permanent

disabilities? If so, please explain:

_______________________________ _______________________________

_______________________________

_______________________________

_______________________________

Deceased Children

Name: __________________________

Birthdate: ______________ Sex: ______


Name: __________________________

Birthdate: ______________ Sex: ______


Do any of your deceased children have

children? If so, please list their names andaddresses.

Name: __________________________

Address: _________________________

_______________________________

_______________________________

Name: __________________________

Address: _________________________

_______________________________

_______________________________

Name: __________________________

Address: _________________________

_______________________________

_______________________________

Other people to be considered in yourestate plan

Name: __________________________

Age: ___ Sex: ___ Relationship:_________

Name: __________________________


Name: __________________________


Charitable organizations you havesupported or wish to support

Name: __________________________

Address: _________________________

_______________________________

_______________________________






Name: __________________________

Address: _________________________

_______________________________

_______________________________

Name: __________________________Address: _________________________

_______________________________

_______________________________

Name: __________________________

Address: _________________________

_______________________________

_______________________________

Military Service

Service Serial #: ___________________

Branch of Service: ___________________

Dates of Service: ___________________

Veterans Administration Disability #:

_______________________________

Location of Discharge Papers:

______________________________________________________________

BUSINESS OR EMPLOYMENT

Retired from: Employed by:

Name of Company:

_______________________________

Address: _________________________

_______________________________

_______________________________

Financial Interest, if any: _____________

_______________________________

Other Business Interests (status as partner,stockholder or sole proprietor):

_______________________________

_______________________________

Location of Papers: _______________

_______________________________

FUNERAL REQUESTS

Religious Affiliation: _________________

Church, Synagogue, Mosque, etc. Membership:

_______________________________

Address: _________________________

_______________________________

_______________________________

Phone Number: ____________________

Name of Funeral Home:

_______________________________

Address: _________________________

_______________________________

_______________________________

Phone Number: ____________________

Prepaid Burial Costs: $_______________

Funeral Instructions, if any:

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________Obituary Wording:

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

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_______________________________

_______________________________

Tombstone Engraving:

_______________________________

_______________________________

Cemetery Plot

Name of Cemetery: _________________

Address: _________________________

_______________________________

_______________________________

Location of Deed: _________________

Persons to be notified at deathName: __________________________

Phone Number: ____________________

Name: __________________________

Phone Number: ____________________

Name: __________________________

Phone Number: ____________________

Name: __________________________

Phone Number: ____________________

Name: __________________________

Phone Number: ____________________

Name: __________________________

Phone Number: ____________________

CURRENT LAST WILL AND TESTAMENT OR LIVING

TRUST, IF ANY

Location of Will or Trust:

_______________________________

Date of Will or Trust: ________________

Primary Executors, Trustees or Guardians

Name: __________________________

Phone Number: ___________________

Address: ________________________

______________________________

______________________________

Name: _________________________Phone Number: ___________________

Address: ________________________

______________________________

______________________________

Secondary Executors, Trustees or Guardian

Name: _________________________

Phone Number: ___________________

Address: ________________________

______________________________

______________________________

Name: _________________________

Phone Number: ___________________

Address: ________________________

______________________________

______________________________In case a trustee is appointed, the trust is toterminate when the youngest child reachesage: ________

Distribution of Estate (Specific Bequests):

Does all of your estate go to your spouse?

Yes No

Name of Beneficiary:

______________________________

Relationship: _____________________

Address: ________________________

______________________________

______________________________

Item Designated to Beneficiary:

______________________________

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_______________________________

Relationship: ______________________

Address: _________________________

______________________________________________________________

Item Designated to Beneficiary:

_______________________________

Distribution of Estate (Residue and Remainder)

List below individuals and/or charitable

organizations designated to receive theremainder of your estate after expenses have

been paid and all specific bequests made.


_______________________________

Relationship: ______________________

Address: _________________________

_______________________________

_______________________________

Amount or % Designated to Beneficiary:

_______________________________


_______________________________

Relationship: ______________________

Address: _________________________

_______________________________

_______________________________


_______________________________


_______________________________

Relationship: ______________________

Address: _________________________

_______________________________

_______________________________


_______________________________NOTE: Please mark with an asterisk (*) any

beneficiary which is a charity.

Contingency Provision for

Distribution of EstateList below how assets will be distributed in

the event above-named individuals are notliving or organizations are not in existence

at the time your will is probated.


_______________________________

Relationship: ______________________

Address: _________________________

_______________________________

_______________________________


_______________________________


_______________________________

Relationship: ______________________

Address: _________________________

_______________________________

_______________________________

Amount or % Designated to Beneficiary: _______________________________


_______________________________

Relationship: ______________________

Address: _________________________

_______________________________

_______________________________







_______________________________

POWER OF ATTORNEY

Name: __________________________

Phone Number: ____________________

Address: _________________________

_______________________________

_______________________________

Email Address:

_______________________________

LAWYER

Name: __________________________

Phone Number: ____________________

Address: _________________________

_______________________________

_______________________________

Email Address:

_______________________________

ACCOUNTANT

Name: __________________________

Phone Number: ____________________

Address: _________________________

_______________________________

_______________________________Email Address:

_______________________________

TAX INFORMATION & RETURNS

Copies of current tax information andrecent returns can be found:

_______________________________

_______________________________

INVENTORY OF ASSETS

One of the most important functionsof this workbook is to serve as a place

for developing a full and complete list of

all your assets. This will help you in yourestate planning and will also help your

personal representative in the administrationof your estate.

When you make your asset list, be

sure to indicate how each asset is heldand whether it has a beneficiary already

named. This is particularly helpful for realproperty. The five basic types of property

ownership are:

1. Individual ownership

2. Tenants in common (where your

share of the asset will continue as partof your estate)

3. Joint tenants with right of survivorship

(where the survivor will own theentire asset)

4. Tenants by the entirety (a specialform of joint tenants — for married

couples only)

5. Community property (if you live ina community property state)

When you complete your asset list on the

following pages, try to make your bestestimate as to the value of each asset.

This will help in determining whetherspecial provisions will be required in

your estate plan or will.

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PROPERTY

Safe Deposit Boxes

Box #1 – Name and Address of Bank:

_______________________________

_______________________________

_______________________________

Box Number: _____________________

Location of Key:

_______________________________

Box held jointly with:

Name: __________________________

Address: _________________________

_______________________________

_______________________________

Additional people who have access to the box:

Name: __________________________

Address: _________________________

_______________________________

_______________________________

Box #2 – Name and Address of Bank:_______________________________

_______________________________

_______________________________

Box Number: _____________________

Location of Key:

_______________________________

Box held jointly with:

Name: __________________________Address: _________________________

_______________________________

_______________________________

Additional people who have access to the box:

Name: __________________________

Address: _________________________

_______________________________

_______________________________

Stored Property

Name and Address of Storage Facility:

_______________________________

_______________________________

_______________________________

Storage Unit #: _____ Access Code: _______

Other Property:

_______________________________

Location: ______________________

Location of Personal Safe:

_______________________________

Safe Combination: __________________

Credit Cards

Company: ________________________

Card Number: _____________________

Online Username: __________________

Online Password: ___________________

Company: ________________________

Card Number: _____________________


Online Password: ___________________

Company: ________________________

Card Number: _____________________


Online Password: ___________________

Company: ________________________

Card Number: _____________________


Online Password: ___________________

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Company: ________________________

Card Number: _____________________


Online Password: ___________________

Company: ________________________

Card Number: _____________________


Online Password: ___________________

Company: ________________________

Card Number: _____________________


Online Password: ___________________

BANKING INFORMATION

The following payments are being taken

from my account:

Amount: $ _______________________

Account: ________________________

Purpose: ________________________

_______________________________

Amount: $ _______________________

Account: ________________________

Purpose: ________________________

_______________________________

Amount: $ _______________________

Account: ________________________Purpose: ________________________

_______________________________

Amount: $ _______________________

Account: ________________________

Purpose: ________________________

_______________________________

Checking Account(s)

Bank Name:

_______________________________

Address: ________________________

_______________________________ _______________________________

Account Number: _________________


Online Password: __________________

Name(s) on Account:

_______________________________

_______________________________

Balance: ________________________

Bank Name:

_______________________________

Address: _________________________

_______________________________

_______________________________

Account Number: _________________

Online Username: __________________Online Password: __________________

Name(s) on Account:

_______________________________

_______________________________

Balance: ________________________

Bank Name:

_______________________________

Address: _________________________

_______________________________

_______________________________

Account Number: _________________








Name(s) on Account:

_______________________________

_______________________________

Balance: _________________________

Savings Account(s)

Bank Name:

_______________________________

Address: ________________________

_______________________________

_______________________________

Account Number: __________________



Name(s) on Account:

_______________________________

_______________________________

Balance: _________________________

Bank Name:

_______________________________

Address: ________________________

_______________________________

_______________________________

Account Number: __________________



Name(s) on Account:

_______________________________

_______________________________

Balance: _________________________

Certificates of Deposit(s)

Bank Name:

_______________________________

Address: _________________________

_______________________________

_______________________________

Account Number: __________________

Online Username: __________________Online Password: ___________________

Name(s) on CD:

_______________________________

_______________________________

Amount: _________________________

Type: ___________________________

Maturity Date: _____________________

Bank Name:

_______________________________

Address: _________________________

_______________________________

_______________________________

Account Number: __________________


Online Password: ___________________Name(s) on CD:

_______________________________

_______________________________

Amount: _________________________

Type: ___________________________

Maturity Date: _____________________

Bank Name:

_______________________________

Address: _________________________

_______________________________

_______________________________

Account Number: __________________


Online Password: ___________________






Name(s) on CD:

_______________________________

_______________________________

Amount: _________________________

Type: ___________________________Maturity Date: _____________________

Bank Name:

_______________________________

Address: _________________________

_______________________________

_______________________________

Account Number: __________________



Name(s) on CD:

_______________________________

_______________________________

Amount: _________________________

Type: ___________________________

Maturity Date: _____________________

Bank Name:

_______________________________

Address: _________________________

_______________________________

_______________________________

Account Number: __________________



Name(s) on CD:

_______________________________

_______________________________

Amount: _________________________

Type: ___________________________

Maturity Date: _____________________

Bank Name:

______________________________

Address: ________________________

______________________________

______________________________ Account Number: _________________

Online Username: _________________


Name(s) on CD:

______________________________

______________________________

Amount: ________________________

Type: ___________________________Maturity Date: _____________________

Credit Union Account

Name of Credit Union:

______________________________

Address: ________________________

______________________________

______________________________ Account Number: _________________



Name(s) on Account:

______________________________

______________________________

Balance: _________________________






INVESTMENT ACCOUNTS

Bank Name:

_______________________________

Address: ________________________

_______________________________

_______________________________

Account Number: __________________


Online Password: ___________________

Name(s) on Account:

_______________________________

_______________________________

Amount: ________________________

ndividual Securities: ________________

Individual Security Name:

_______________________________

Type (stock, bond, mutual fund):

_______________________________

Owner: __________________________

Number of Shares: __________________

Original Cost: $____________________

Current Value: $____________________


_______________________________


_______________________________

Owner: __________________________Number of Shares: __________________

Original Cost: $____________________

Current Value: $____________________


_______________________________


_______________________________


Original Cost: $____________________

Current Value: $____________________

Bank Name:

_______________________________

Address: ________________________

_______________________________

_______________________________

Account Number: __________________


Online Password: ___________________

Name(s) on Account:

_______________________________

_______________________________

Amount: _________________________Individual Securities: _________________


_______________________________


_______________________________

Owner: __________________________

Number of Shares: __________________

Original Cost: $____________________

Current Value: $____________________







_______________________________


_______________________________


Original Cost: $____________________

Current Value: $____________________

College Savings Plan:

Type: ___________________________

Provider: ________________________

Account Number: ___________________

Website: _________________________



Sub Account 1: ____________________

Sub Account 2: ____________________

Sub Account 3: ____________________

Sub Account 4: ____________________

Notes: __________________________

RETIREMENT PLANS/EMPLOYEE BENEFITS

Individual Retirement Account

Account Number: __________________

Owner: __________________________

Beneficiary: _______________________

Value: $__________________

Institution Where Held: ________________


Online Password: ___________________

Individual Retirement Account

Account Number: _________________

Owner: _________________________

Beneficiary: ______________________

Value: $__________________Institution Where Held: _______________



401(k), 403(b) Plans

Account Number: _________________

Owner: _________________________

Beneficiary: ______________________

Value: $__________________

Institution Where Held: _______________



Tax Deferred Annuity

Account Number: _________________

Owner: _________________________

Beneficiary: ______________________

Value: $__________________




Qualified Pension, Keogh

or Profit Sharing Plan

Account Number: _________________Owner: _________________________

Beneficiary: ______________________

Value: $__________________









Split Dollar, Stock Optionor Thrift Plans

Account Number: __________________

Owner: __________________________

Beneficiary: _______________________Value: $__________________

nstitution Where Held: ________________


Online Password: ___________________

Deferred Compensation Agreement

Account Number: __________________

Owner: __________________________

Beneficiary: _______________________

Value: $__________________



Online Password: ___________________

Roth IRA

Account Number: __________________

Owner: __________________________Beneficiary: _______________________

Value: $__________________



Online Password: ___________________

Insurance Policies

Account Number: __________________Owner: __________________________

Beneficiary: _______________________

Value: $__________________



Online Password: ___________________

Disability Policies

Account Number: __________________

Owner: __________________________

Beneficiary: _______________________

Value: $__________________Institution Where Held: ________________


Online Password: ___________________

Describe any unique provisions:

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

LIFE INSURANCE(Individual, Group, Mortgage)

Company: _______________________

Name of Insured:

_______________________________

Owner: _________________________

Primary Beneficiary:

_______________________________

Contingent Beneficiary:

_______________________________

Policy Number: ____________________


Online Password: ___________________

Death Benefit: $____________________






Company: _______________________

Name of Insured:

_______________________________

Owner: _________________________

Primary Beneficiary: _______________________________

Contingent Beneficiary:

_______________________________

Policy Number: ____________________


Online Password: ___________________

Death Benefit: $____________________

MEDICAL INSURANCE

Long Term Care Insurance Policy

Owner: _________________________

Beneficiary: ______________________

Value: $___________________

Insurance Company Agent:

_______________________________

Hospitalization

Policy Number: ____________________


Online Password: ___________________

Carrier: __________________________

Surgical

Policy Number: ____________________Online Username: __________________

Online Password: ___________________

Carrier: __________________________

Major Medical

Policy Number: ____________________



Carrier: _________________________

Medicare Supplement

Policy Number: ____________________



Carrier: _________________________

Accident & Health

Policy Number: ____________________



Carrier: _________________________

HOMEOWNERS INSURANCE

Primary Residence

Property Address: __________________

______________________________

______________________________

Company: _______________________Policy Number: ___________________



Location of Policy: ________________

Secondary Residence

Property Address: __________________

______________________________

______________________________

Company: _______________________

Policy Number: ___________________



Location of Policy: ________________!

!






Other

Property Address: ___________________

_______________________________

_______________________________

Company: ________________________Policy Number: ____________________



Location of Policy: _________________

AUTOMOBILE INSURANCE

Vehicle #1 (vehicle make and model):

_______________________________

Company: ________________________

Policy Number: ____________________


Online Password: ___________________


Vehicle #2 (vehicle make and model):

_______________________________

Company: ________________________

Policy Number: ____________________


Online Password: ___________________


OTHER POLICIES

(Boat, Trailer, Theft, Liability,Long-term Care, etc.)

Type: __________________________

Company: ________________________

Policy Number: ____________________


Online Password: ___________________


Type: __________________________

Company: ________________________

Policy Number: ____________________


Online Password: ___________________


Policy Owned on Another Person

Name:

_______________________________Company: ________________________

Policy Number: ____________________


Online Password: ___________________

Location of Records:

_______________________________

Loan Against an Insurance Policy Company: ________________________

Amount: $ ________________

Location of Records:

_______________________________

BUSINESS INTEREST

Name of Business:

_______________________________

Business Activity:

_______________________________(NOTE: If farm, include value of machinery,

livestock and grain in storage. List value of land

under real estate.)

Have minority interest or lack ofmarketability discounts been

considered in value? Yes No

!

!

!

!

!

!

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Net Profit (before owner’s earnings & taxes):

$____________

Projected Future

Change: _______ $____________

Business Life Insurance Beneficiary:

_______________________________

Are any family members involvedin business? Yes No

If yes, list names.

_______________________________

_______________________________

_______________________________ _______________________________

Form of Business:

Sole Proprietorship Partnership

C Corporation S Corporation

Professional Corporation

Personal Holding Company

Buy/Sell Agreement: Yes NoDescribe (or attach copy):

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

Owner/Key Employee

Name: __________________________

Age: _____ % Owned or # Shares: _______

Annual Income: $__________________

Include in Buy/Sell? Yes No

Owner/Key Employee

Name: _________________________

Age: _____ % Owned or # Shares: ______

Annual Income: $__________________


Owner/Key Employee

Name: _________________________

Age: _____ % Owned or # Shares: ______

Annual Income: $__________________


Owner/Key Employee

Name: _________________________ Age: _____ % Owned or # Shares: ______

Annual Income: $__________________


At death, business is to be:

Continued by HeirsLiquidated

Sold to Surviving Owners Sold to Key Employees

Other: ________________________

Please describe any unique qualities

of your business that you feel arepertinent to your estate design:

______________________________

______________________________

______________________________

______________________________

______________________________

______________________________

______________________________

______________________________

______________________________

______________________________






ANNUITIES

Annuity 1 Issued by:

_______________________________

Address: ________________________

_______________________________

_______________________________

Amount: $ _________________

Location of Papers: _________________

Annuity 2 Issued by:

_______________________________

Address: ________________________

______________________________________________________________

Amount: $ _________________

Location of Papers: _________________

REAL ESTATE

Type: __________________________

Address: _______________________________________________________

_______________________________

Owner: __________________________

Type of Ownership: __________________

Purchase Date: _____________________

Cost Basis: $ ________________

Mortgage Balance: $ ________________

Market Value: $ ________________

Type: __________________________

Address: ________________________

_______________________________

_______________________________

Owner: __________________________


Purchase Date: _____________________

Cost Basis: $ ________________


Market Value: $ ________________

Type: __________________________

Address: ________________________

_______________________________

_______________________________

Owner: __________________________


Purchase Date: _____________________

Cost Basis: $ ________________


Market Value: $ ________________

Type: __________________________

Address: ________________________

_______________________________

_______________________________

Owner: __________________________


Purchase Date: _____________________

Cost Basis: $ ________________


Market Value: $ ________________

Type: __________________________

Address: ________________________

_______________________________ _______________________________

Owner: __________________________


Purchase Date: _____________________

Cost Basis: $ ________________


Market Value: $ ________________

!

!






!

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!

!

!

PERSONAL PROPERTY

List automobiles, boats, jewelry, firearms,

household items, art, antiques, collections,or other items of value and their location.

Item: ___________________________

Location: ______________________

Estimated Value: $ __________________

Item: ___________________________

Location: ______________________

Estimated Value: $ __________________

Item: ___________________________Location: ______________________

Estimated Value: $ __________________

Item: ___________________________

Location: ______________________

Estimated Value: $ __________________

Item: ___________________________

Location: ______________________Estimated Value: $ __________________

Item: ___________________________

Location: ______________________

Estimated Value: $ __________________

Item: ___________________________

Location: ______________________

Estimated Value: $ __________________

Item: ___________________________

Location: ______________________

Estimated Value: $ __________________

Item: ___________________________

Location: ______________________

Estimated Value: $ __________________

Item: __________________________

Location: _____________________

Estimated Value: $ _________________

DEBTS

The following individuals owe me.

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

LIABILITIES

Current Bills

Owed on What Property?

_______________________________

Amount: $__________________


_______________________________ Amount: $__________________

Bank Loans


_______________________________

Amount: $__________________

Notes Payable

Owed on What Property? _______________________________

Amount: $__________________


_______________________________

Amount: $__________________







_______________________________

Amount: $__________________


_______________________________

Amount: $__________________

WHAT’S NEXT?

Once you have gathered your personal andfamily information, it is time to take the next

step and actively turn that information intoa sound estate plan.

Assess the documents you already haven place.

Do you have:

1. a will Yes No

2. a trust Yes No

3. a living trust Yes No

4. a durable power of attorney Yes No

5. a health care proxy Yes No6. a living will Yes No

7. a prenuptial agreement Yes No

8. any community property Yes No

9. any previous reportable gifts Yes No

0. a separation agreement Yes No

Decide whether your current estate

plan, if you have one, is satisfactory.

How would you like your estate distributed?Be sure to designate any family heirlooms,ewelry, etc. Often the strongest disagreement

among heirs arises from these items.)

CURRENT DESIRES FORDISTRIBUTION OF PROPERTY

If married, at death of first spouse:

All to surviving spouse

Benefit surviving spouse and children

Other desires (relatives, loved ones,

charities, etc.)______________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

If single, or at death of surviving spouse:

Gifts of specific items, heirlooms, etc.

Recipient: ________________________

Property: ________________________

Recipient: ________________________

Property: _________________________

Recipient: ________________________

Property: _________________________

Recipient: ________________________

Property: _________________________

Recipient: ________________________

Property: _________________________

Recipient: ________________________

Property: _________________________

Gifts of fixed amounts of money

Recipient: ________________________

Amount: $_________________

Recipient: ________________________

Amount: $_________________

Recipient: ________________________

Amount: $_________________

Recipient: ________________________

Amount: $_________________30 Estate Planning Workbook





Gifts to Charities

Recipient: ________________________

Amount: $_________________

Gifts to Charities

Recipient: ________________________

Amount: $_________________

Gifts of percentages of whole estateor of remainder of estate

Recipient: ________________________

Percentage: __________%

Recipient: ________________________

Percentage: __________%Recipient: ________________________


Recipient: ________________________


Care of pets: $___________________

to _____________________________

for ____________________________

for their life/lives.

Other desires:

_______________________________

_______________________________

_______________________________

If your recipients or beneficiaries are

under 18 or disabled, do you want their

shares to be placed in trust and, if so,for how long or until what age?

For whom?_______________________

Until when? ______________________

Other concerns to be addressed:

_______________________________

_______________________________

_______________________________

_______________________________ _______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________ _______________________________

_______________________________

_______________________________

_______________________________

_______________________________

OTHER IMPORTANT

PASSWORDS

Home Computer

Username: _______________________

Password: ________________________

Notes: __________________________

Home Computer

Username: _______________________

Password: ________________________

Notes: __________________________

Home Computer

Username: _______________________

Password: ________________________

Notes: __________________________






Email Account

Website: _________________________

Username: _______________________

Password: ________________________

Notes: __________________________________________________________

Email Account

Website: _________________________

Username: _______________________

Password: ________________________

Notes: ___________________________

_______________________________

Blog Account

Website: _________________________

Username: _______________________

Password: ________________________

Notes: ___________________________

_______________________________

Photo Sharing SiteWebsite: _________________________

Username: _______________________

Password: ________________________

Notes: ___________________________

_______________________________

Social Networking Site

Website: _________________________

Username: _______________________

Password: ________________________

Notes: ___________________________

_______________________________


Website: _________________________

Username: _______________________

Password: ________________________

Notes: ___________________________ _______________________________


Website: _________________________

Username: _______________________

Password: ________________________

Notes: ___________________________

_______________________________

Online Subscription

Website: _________________________

Username: _______________________

Password: ________________________

Notes: ___________________________

_______________________________

Online Subscription Website: _________________________

Username: _______________________

Password: ________________________

Notes: ___________________________

_______________________________

Software Applications

(Turbo Tax, Quicken, etc.)

Program: ________________________

Username: _______________________

Password: ________________________

Notes: ___________________________

_______________________________






Home Alarm System

Provider: ________________________

Password: _______________________

Code Word: _______________________

Notes: ___________________________ _______________________________

Home Safe

Location: ________________________

Code or Key Location: _______________

Notes: ___________________________

_______________________________

MortgageProvider: ________________________

Account Number: __________________

Username: ________________________

Password: ________________________

Notes: ___________________________

_______________________________

Online Account Website: _________________________

Username: _______________________

Password: ________________________

Notes: ___________________________

_______________________________

Online Account

Website: _________________________

Username: _______________________

Password: ________________________

Notes: ___________________________

_______________________________

Online Account

Website: ________________________

Username: _______________________

Password: ________________________

Notes: __________________________ _______________________________

Online Account

Website: ________________________

Username: _______________________

Password: ________________________

Notes: __________________________

_______________________________

Online Account

Website: ________________________

Username: _______________________

Password: ________________________

Notes: __________________________

_______________________________

NOTES

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________

_______________________________






Important Questions to be Answered

Who should serve as your executor or personal representative?

This should be someone you trust, who is young enough to be available (theoretically)

when the estate will need to be probated and who understands the basics of administration

and/or working with attorneys. Often spouses will appoint each other, as available, and

will appoint a backup in case the spouse is unable to serve.

Executor

Name: _______________________________________________________

Address: ______________________________________________________ ____________________________________________________________

Name: _______________________________________________________

Address: ______________________________________________________

____________________________________________________________

Who do you want to have serve as the guardian for yourchildren (if applicable)?

Often young couples believe that they have so little that it is not necessary to have a will.However, one of the most important reasons for them to complete their estate plans is

to appoint a guardian for their children. At a time when their lives would be in a terrible

uproar, an appointed guardian can help bring a level of stability to the children.

The guardians should be willing to accept the responsibility of additional children.

They should have a lifestyle that is compatible with yours and be young enough to

appropriately care for the children.

GuardianName: _______________________________________________________

Address: ______________________________________________________

____________________________________________________________

Backup Guardian

Name: _______________________________________________________

Address: ______________________________________________________

____________________________________________________________




PRINT SAVETABLE OF

CONTENTSGLOSSARY PREVIOUS NEXT

Charitable Giving ThroughYour Will or Estate Plan

Making a legacy gift to the Red Cross isn’t just for the wealthy or for those trying tominimize estate taxes. It’s a wonderful way to leave a legacy and continue a lifetimeof support for an organization you believein. And because of your generosity, andthe generosity of thousands like you, yourgift of any amount will have a magnifiedeffect on our ability to respond in times of disaster and to provide other important

services to the communities we serve.

Legacy gifts can take many forms. Themost popular are described here, as wellas sample language you may use to includethe Red Cross in, or add us to, your will.

Most donors leave their gifts to the RedCross without restriction. This allows theRed Cross to use these funds to help us

fulfill our mission – locally, nationally andaround the world. The Red Cross honors adonor’s stated intent for the use of a gift.Donors who wish to designate the use of any gift, whether made during their life orthrough their estate, will have that wishhonored.

Join a proud tradition of caring

All planned gift donors are mademembers of the Red Cross Legacy Society.In honor of their commitment to ourlifesaving work, members receive acertificate of appreciation as well asa Legacy Society lapel pin.

Create a lasting legacy through your will

After providing for family, friends andothers in their wills, many individualsalso choose to remember organizationsimportant to them. If you believe in themission of the American Red Cross, thisis an important and lasting way for youto help ensure our lifesaving work will

always continue.

See the suggested wording that followsfor different types of bequests. Questions?

Simply contact us at 1-800-797-8022ext. 5 or [email protected] and a Gift Planning Officer will be happyto assist you.






*Instead of a dollar amount, you can also indicate a percentage of your total estate or specifically describe property to be given. Bequest provisions designated for a specific program or activity require additional language. Please contactus for more information if you have a specific purpose in mind for your gift.

Outright Bequest: an unrestricted giftin which you give the

American Red Cross aspecified dollar amountor specified assets, such

as securities, real estateor tangible personalproperty.

Residual Bequest: a gift in which you givethe American Red Crossall or a percentage ofthe remainder of your

estate after specificamounts designated forother beneficiaries aredistributed and estate-related expenses are paid.

Contingent Bequest: a gift that provides forthe American Red Cross

upon the occurrence ofa certain event — if, forexample, your primary

beneficiary does notsurvive you.

“I give, devise, and bequeath to the AmericanNational Red Cross,

Washington, D.C., (insertdollar amount) Dollars*to be used for its general

purposes.”

“I give, devise, and bequeath to the AmericanNational Red Cross,

Washington, D.C., (insertpercentage amount)

percent of the residue ofmy estate to be used forits general purposes.”

“In the event that(insert name) predeceasesme, I give, devise, and

bequeath his/her bequestor share to the AmericanNational Red Cross,

Washington, D.C., to be used for its generalpurposes.”

“I give, devise, and bequeath to the AmericanRed Cross (insert specificchapter name), (insertcity and state of chapter),or its successor, (insert

dollar amount) Dollars*to be used for itsgeneral purposes.”

“I give, devise, and bequeath to the AmericanRed Cross (insert specificchapter name), (insertcity and state of chapter),

or its successor, (insertpercentage amount)percent of the residue ofmy estate to be used forits general purposes.”

“In the event that (insertname) predeceases me, Igive, devise, and bequeath

to the American RedCross (insert specificchapter name), (insertcity and state of chapter),or its successor, to be usedfor its general purposes.”

BEQUEST TYPE LANGUAGE TO USE(National Red Cross)

LANGUAGE TO USE(Local Chapter)

Including the Red Cross in Your Will






Testamentary Trust: In which you establish a trust through your will.Beneficiaries receive income for life or a

term of years. This option gives your directheirs the benefit of your capital duringtheir lifetime or the specified term. At theend of that lifetime or term, the AmericanRed Cross receives the remainder.

Testamentary Planned Gifts

Through your will, you can also establishany of the planned gifts explained in this

booklet (see the pages that follow). Forinstance, your will can direct that, at yourdeath, a charitable remainder trust orcharitable gift annuity be created toprovide payments for your loved onesand later to benefit the American

Red Cross.

Testamentary planned gifts can provide welcome tax advantages while providinggenerous financial benefits to yourfamily and to the American Red Cross.Retirement plans can also be used to fundany of these planned gifts at your death.If this interests you, please read throughthe next section carefully. Then, talk with

a Red Cross Gift Planning Officer and your personal advisor for more detail.

“W e lik e getting the income f r om our char itable gif t annuit y , and k now ing that w e ar e helping some v er y w or th y or ganizations. In toda y ’s economic climate, the pa y ment r ates ar e v er y f av or able and the y ar

e f ix ed, so w e k now w hat to ex pect.”






Making a Gift Outside Your Will

Remembering an organization in your will is one way to make a difference. Butnumerous other assets can pass directlyto a beneficiary organization outside your

will. Review the types of assets describedhere, and consider which you might wishto assign to a worthwhile charity like the

American Red Cross.

The benefit of remembering the

Red Cross outside your will is threefold.First, the value of these gifts need not be

included in the total value of your estate, which may reduce the tax liability of your beneficiaries. Second, you will also avoidcapital gains tax on the accrued value ofcertain assets, because the appreciated

value can pass directly to the Red Cross.Finally, assets that are subject to incometax when received by the named individuals(e.g., IRA funds) can be distributed to theRed Cross who would owe no income tax.

If you have questions or would likeassistance directing an asset to theRed Cross, simply contact us and a GiftPlanning Officer will be happy to assist

you. Call 1-800-797-8022 ext. 5 oremail [email protected].

“M y law y er suggested I include a gif t to a char it y w hose mission I suppor t. T he char itable gif t annuit y I cr eated pr ov ides a f ix ed annual pa y ment f or lif e at a v er y f av or able annuit y r ate I consider a good inv estment. M y gif t benef its me, and helps secur e the f utur e of the R ed Cr oss mission.”






GIFTS OF CASH An important and simple way to help a favorite cause

Planned gifts can include gifts of cash. An outright gift of cash qualifies fora full charitable deduction for mostdonors who itemize on their federalincome tax returns. Donors whomake a gift in this way recognize the

importance of their annual supportand enjoy seeing the immediateresults of their generosity.

For income tax purposes, currenttax law allows you to deduct anamount of up to 50 percent of yourannual adjusted gross income for cashgifts. Any deduction in excess of thatamount can be carried over for up to five

years, until it is used up. For maximumtax benefit, carefully consider theamount and timing of your gift.

APPRECIATED SECURITIESSave taxes twice

Making a gift of appreciated securities isa popular alternative to a cash gift becauseit saves taxes twice. As long as you’ve held

the securities for more than one year, you will receive an income tax deduction forits full fair market value. You’ll also avoidcapital gains tax on the appreciation.

What’s more, if appreciated securitiesare used to make a bequest to the

American Red Cross, or to fund acharitable trust, gift annuity or otherplanned gift arrangement, you mayrealize substantial estate and gift taxsavings as well.

You may claim an income tax charitable

deduction of up to 30 percent of yourannual adjusted gross income for a giftof securities held for more than one year.

As with gifts of cash, any deduction youcannot use in the year of your gift may

be carried over and used for up to fiveadditional years.

“ Ma k ing m y g i f t o f l i f e ins urance

was eas y; I s im p l y com p le ted t he

bene f ic iar y f orm and s igned i t.”






RETIREMENT PLAN ASSETSHelp minimize estate taxes

In addition to providing for you and your loved ones, retirement investments offer many convenient and cost-effectivecharitable giving opportunities.

Retirement plan benefits include assetsheld in individual retirement accounts

(IRAs), 401(k) plans, profit-sharing plans,Keogh plans, and 403(b) plans. Specialtax considerations make these assetsan excellent choice for funding acharitable gift.

Potentially subject to double taxationat your death, funds in your retirementplan may be the most advantageousgift you can make. Unlike other assets,

retirement funds are subject to incometax when received by the beneficiaries,in addition to possible estate taxes.

Charitable organizations, like the American Red Cross, are tax-exempt andare therefore not liable for these unpaidincome taxes. Consult your financialadvisor for additional informationon taxes.

REAL ESTATE An extraordinary gift

The Red Cross accepts all types of realestate, including primary and vacationhomes, commercial, undeveloped and

rental property. Real estate gifts can be made outright or to fund a charitableremainder unitrust or a gift of a retainedlife estate (described on pages 44-45).If you are interested in learning moreabout gifts of real estate, please call a GiftPlanning Officer at 1-800-797-8022 ext. 5 or email [email protected].

INSURANCE POLICIES

Sole or partial beneficiary

Life insurance affords numerous charitablegiving options. The American Red Crosscan be named the sole beneficiary of alife insurance policy. We can also benamed as a partial beneficiary, allowing

you to share your policy amount betweenmultiple beneficiaries.

Many individuals own life insurancepolicies purchased long ago that areno longer needed to provide necessaryprotection for loved ones.

A policy that is paid up can earn thedonor an income tax deduction when theownership is transferred to the Red Cross.If a policy is still in effect, the Red Crosscan be named both owner and beneficiary.

If the Red Cross decides to keep the policyin effect, the donor will receive additionaldeductions for any premium paymentsmade. A Red Cross Gift Planning Officercan explain your options in greater detail.




PRINT SAVETABLE OF


Naming the American Red Crossas your beneficiary is simple

Beneficiary-designated property (e.g.,retirement plans and insurance) does notpass through your will or trust. Therefore,naming the American Red Cross as

beneficiary of a retirement plan or aninsurance policy requires that you change

your beneficiary designation form with your plan sponsor or insurance company.

Simply contact your plan administratorand request a beneficiary change form.To streamline the process, we haveincluded the following suggested wordingfor your beneficiary forms.

Name:

American National Red Cross, Washington, D.C.

– OR –

American Red Cross (insert specificchapter name), (insert city and stateof chapter), or its successor

Address:

American National Red Cross430 17th St, NW Washington, DC 20006

Federal tax identification number:53-0196605(use in place of Social Security number)

Relationship:Non-profit organization

If you wish for your bequest to benefit yourlocal area, please make certain it is clearlystated. Questions? Just contact us and aGift Planning Officer will be happy to assist

you. Call 1-800-797-8022 ext. 5 or [email protected].

“ We ’ re he l p i ng t he R ed C ross

w i t h a re voca b le g i f t o u ts ide o u r

w i l l. We na med t he R ed C ross as

be ne f ic ia r y o n o ne o f o u r acco u n ts,

so we ca n s t i l l access t he mo ne y i f

t he need e ve r a r r i ves. A f te r we ’ re

go ne, i t w i l l be ne f i t t he R ed C ross. ”






Gifts That Benefit You andKeep the Red Cross Strong

Many people wish to take care of lovedones and help the Red Cross. Several typesof charitable gifts allow you to do both,

while providing dependable paymentsfor life.

The following types of gifts offer thefreedom to support the Red Cross. Manyalso offer an attractive lifetime revenuestream and tax benefits. Take a few

moments to learn about each type ofgift and select the one that best suits your financial circumstances.

CHARITABLE GIFT ANNUITYGives back fixed lifetime paymentsto you. Helps support the Red Crossafter the death of the last beneficiary.

• Immediate income tax deduction• Dependable, fixed payments for life• Competitive interest rate based on your age

• Potential savings in capital gains

and estate tax• One- and two-life options available

What It Is

A charitable gift annuity is among theeasiest and most popular methods ofmaking a planned charitable gift. It’s acontract that provides fixed paymentsfor life, made to one or two beneficiaries.

The payout rate is based upon the ageof the beneficiaries.

How It Works

A charitable gift annuity benefits both you and the Red Cross. You’ll receive animmediate tax deduction plus regularannual payments for as long as youlive. Another attractive feature is that a

substantial portion of the annual paymentsis considered a return of principal, so thisportion of the payments is tax-free.

Later, the principal will help support ourmission long-term, ensuring our disasterrelief, services and educational programs

will continue far into the future.

“F unding an annuit y is m y w a y of giv ing back to an or ganization that has helped me in so

man y w a y s. Plus 5.9% is not a r ate I can get on the str eet!”






DEFERRED CHARITABLE GIFT ANNUITYFuture planning for everyone’s benefit

• Immediate income tax deduction fora portion of your gift

• Scheduled fixed payments when youneed them

• The longer you defer payments, thehigher the effective rate you receive

• Benefits you now and the Red Cross later

A deferred payment charitable gift annuity provides payments that are delayed untila later date that you choose. The date istypically set to meet the beneficiary’s needfor additional funds during retirement oranother event.

CHARITABLE REMAINDER TRUST A bucket of flexible income

• You and/or your designated beneficiariesreceive income for life or a term of years

• Immediate income tax deduction for aportion of your contribution to the trust

• No capital gains tax on appreciated assets you donate

• You can make additional gifts as your

circumstances allow • Benefits you now and the Red Cross later

Charitable Remainder Unitrust

This is a separately-managed trust thatprovides for a fixed percentage of thetrust’s value, determined annually, to

be paid to the named beneficiaries (you, your spouse and/or others). Thus, the

arrangement is responsive to marketfluctuations, and your payments canprovide a hedge against inflation.

“Mak ing m y legac y gif t w as eas y to do thr ough m y w ill. I also put mone y into a char itable r emainder tr ust. T his unr estr icted gif t benef its the R ed Cr oss, and pr ov ides income f r om the tr ust to me dur ing m y lif etime. Y ou get such a gr eat f eeling f r om donating to an or ganization y ou lov e. I w ould absolutel y r ecommend mak ing a planned gif t to the R ed Cr oss.”






Many donors choose a charitableremainder unitrust for gifts of real estate.The trust can be for one lifetime, multiplelifetimes, or a term of up to 20 years.

Charitable Remainder Annuity Trust

This trust is separately managed toprovide payments that do not fluctuate

with the market. You receive a fixedpercentage of the initial value of the assetsplaced in the trust. The arrangement isideal for donors who do not want theirannual charitable trust payments tied tomarket performance.

The charitable remainder annuity trust can be for one lifetime, multiple lifetimes,or for a specified term of up to 20 years.

RETAINED LIFE ESTATESRemain in your home aslong as you choose

Gifts of a retained life estate allow donorsto deed their home, vacation home orfarm to the Red Cross while retaining theright to live in or use the property for life(or for a term of years). The donor receives

an immediate income tax deduction based

on the full fair market value of theproperty reduced by the donor’s benefitof being able to continue to use theproperty (calculated under IRS rules).These gifts often result in a charitablededuction for a large percentage of the

fair market value of the property. Theincome tax savings generated by theincome tax deduction can be used to payfor the property’s maintenance, taxesand insurance, which remain the donor’sresponsibility.

This type of gift is most often chosen by donors with homes or vacation homes whose children are not interested in

inheriting the property.






LIVING TRUSTSShift assets from your estate, but retain control

A properly-drafted living trust can be a very effective lifetime management tool.The trust is established during one’slifetime and is usually funded during thegrantor’s lifetime, which means that theassets are transferred to the trust during

life. The trust is revocable, which meansthat the grantor may revoke or amend allor part of the trust.

The real value of a living trust is that anyasset that passes under the terms of thetrust (rather than through the will)avoids probate.

What’s more, real estate or tangible

personal property located in a state otherthan the state where the grantor lives,and where the grantor will be subject toprobate, may be held in the trust. This willhelp avoid the extra burden of a separateprobate proceeding in another state.

As with a will, your gift can be of any sizeand virtually any asset. You can specify thepreferred use of your gift — for use by a

specific program, your local chapter or

the American National Red Cross. Theprovision for the Red Cross can easily beadded to your trust agreement, and itmay be a specific, contingent, residualor remainder gift.

To ensure that your wishes will be fulfilled,please contact the American Red Cross forspecific suggestions regarding the wordingof your gift.

Questions? Simply contact us and a GiftPlanning Officer will be happy to assist

you. Call 1-800-797-8022 ext. 5 or [email protected].




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Glossary of Estate Planning Terms

Actuarial As used in gift planning, refers to the factorsused to calculate the value of lifetimepayments to individuals or organizations.

Adjusted Gross Income (AGI)The sum of an individual’s taxable incomefor the year is the total at the bottom of thefirst page of Form 1040. Individuals maydeduct charitable cash contributions up

to 50 percent of AGI; they may deduct giftsof appreciated securities and appreciatedproperty up to 30 percent of AGI.

Advanced Directive Written instructions expressing your wishesregarding life support and other medicalinterventions. Also known as a Living Will.

Annuity

A contractual arrangement to pay a fixedsum of money to an individual at regularintervals. The charitable gift annuity is agift that secures fixed lifetime payments tothe benefactor and/or another individual.

Appraisal An assessment of the value of a piece ofproperty. Benefactors contributing realor tangible personal property (art, books,

collectibles, etc.) must secure an independentappraisal of the property to substantiate the

value they claim as a charitable deduction.

Appreciated PropertySecurities, real estate or any other propertythat has risen in value since the benefactoracquired it. Generally, appreciated propertyheld by the donor for a year or more may

be donated at full fair market value withno capital gains cost.

BasisThe benefactor’s purchase price for an

asset, possibly adjusted to reflect subsequentcosts or depreciation.

Beneficiary The recipient of a bequest from a will ora distribution from a trust.

Bequest A transfer of personal property to anindividual or organization under a will.

Capital Gains Tax A federal tax on the appreciation of anasset between its purchase and sale prices.

Codicil An amendment to a legal document suchas a will.

Estate Tax

A federal tax on the value of the propertyheld by an individual at his or her death(paid by the individual’s estate, not theheirs or recipients of bequests). In contrast,state inheritance tax is applied to the valueof bequests passing to beneficiaries; it is




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also paid by the estate before thedistributions are made.

ExecutorThe person named in a will to administerthe estate (known in some states as thePersonal Representative).

GrantorThe individual transferring property into

a trust.

Income InterestIn a trust, the right to receive paymentsfrom the trust for lifetime or a termof years.

Living Will Written instructions expressing your wishes regarding life support and other

medical interventions. Also known as an Advanced Directive.

Personal Property Securities, artwork, business interests anditems of tangible property as opposed toreal property (the term real property isused in gift planning to refer to land andthe structures built on it).

Personal RepresentativeSee Executor, above.

Remainder InterestIn a trust, the portion of the principalleft after the income interest has beenpaid to the beneficiary(ies). A charitableremainder trust pays income to the

benefactor or other individuals and thenpasses its remainder to charity.

Trust A transfer of property by the Grantor tothe care of an individual or organization,for the benefit of the Grantor or others.

Trustee An individual or organization carrying outthe wishes of the person who establishedthe trust (the Grantor), paying income

to the beneficiaries and preserving theprincipal for ultimate distribution.

1099-R The IRS forms that we send our life-income gift participants detailing howpayments they received from their giftsduring the year will be taxed.

The American National Red Cross is not engaged in rendering legal or tax advisory services. For advice or assistance in specific cases,

th i f tt th f i l d i h ld b bt i d Th f thi bli ti i t id t

Red Cross Work Book

Documents

Transcript of Red Cross Work Book