An Estate Gift is a deferred, marketable asset that NDCL receives after your lifetime when your will and estate are settled. This is not a gift from your current cash flow. Some common examples of Estate Gifts are:
Bequest: A few sentences in your will that indicates Notre Dame-Cathedral Latin School as the recipient of a percentage of, or a certain amount of cash, securities or property from your estate. After your lifetime, Notre Dame-Cathedral Latin School receives your gift.
Life Insurance: If you have a paid-up insurance policy the proceeds, or a portion of it, may be given to Notre Dame-Cathedral Latin School via a cash gift.
IRAs and Retirement Fund Assets: After your lifetime any funds left in these accounts that are left to family members and friends are subject to taxes. By listing Notre Dame-Cathedral Latin School as a beneficiary, these taxes can be reduced or eliminated.
Charitable Remainder Trust: Names one or more beneficiaries of your estate for a period of time, after which the assets go to Notre Dame-Cathedral Latin School.