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.
|Getting started is easier than ever.
Notre Dame-Cathedral Latin School has recently partnered with FreeWill to give all of our supporters the opportunity to write a legally valid will, for free. It takes less than 25 minutes, and it’s a great way to leave a gift to Notre Dame-Cathedral Latin School.
The tool is free regardless of whether or not you choose to make a bequest, and, if you would prefer to finalize your will with an attorney, it’s an excellent place to document your wishes before saving time and money at the lawyer’s office.
Start writing your will today!
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.
|Are you 70 ½ years old? If you said “yes” and you have a traditional IRA, you are eligible to make a tax-free donation to Notre Dame-Cathedral Latin School directly from your IRA. Make your smartest donation today!
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.