Create a legacy of building strong foundations for families in Kent County by including Kent Attainable Housing in your estate planning. This is an opportunity to make a lasting difference to improve people’s lives and your community for years to come. Planned-giving also can result in significant tax advantages for you. Talk to your lawyer or accountant about the best way for you to do this but here are some options:
Gifts from Your Will
Set aside a specific dollar amount or a percentage of your assets in your will for Kent Attainable Housing, Inc. This is the simplest way to give and preserves your cash flow during your life.
Gifts from a Retirement Plan
Name Kent Attainable Housing, Inc., as your beneficiary for some or all of your retirement plan assets, such as an IRA or 401k. This can minimize the amount of taxes on your heirs and your estate.
In addition, people who are 70 ½ years old or older also can transfer up to $100,000 annually from an IRA tax-free to Kent Attainable Housing; a married couple can transfer a total of up to $200,000 a year, tax-free.
Gifts of Stock or Appreciated Assets
Transfer appreciated securities to Kent Attainable Housing, Inc. You will receive an immediate income tax deduction for the fair market value of the securities on the date of transfer and pay no capital gains tax on these appreciated securities. We will sell the securities and use the proceeds to fund our program activities.
Gifts of Life Insurance
Transfer ownership of a paid-up life insurance policy to Kent Attainable Housing, Inc., and you receive an immediate tax deduction for the cash surrender value of the policy.