If the prevention of domestic violence and sexual assault is a cause you care about, there are many ways in which you can include The Caring Place in your will or estate plans. The formation of The Beacon Circle is our way of honoring the extraordinary generosity of supporters who wish to leave all or a portion of their assets to The Caring Place to be used in perpetuity to enhance the quality of life for victims of domestic violence.
These gifts can come in a variety of ways:
- Gifts of Cash
- Appreciated Securities
- Gift Annuities
- Life Insurance Policies
- Bequests in Will or Trust
- Retirement Plan Assets
- Charitable Lead Trusts
- Charitable Remainder Trusts
Because The Caring Place's endowment fund is supported by The Porter County Community Foundation, your long-term gift to The Beacon Circle will also qualify as a gift to the Foundation's planned giving circle, The Echo Society.
Your gift will ensure the continued success of The Caring Place and its impact on educating the community on the effects of domestic violence.
To learn more about The Beacon Circle or the potential benefits of planned giving, please contact The Caring Place Development Office at 219.464.0840 ext.105.
By being aware of these six estate-planning pitfalls, you can prevent major headaches down the line:
(1) Not updating wills and trusts when circumstances change, such as after a divorce or the birth of a child.
(2) Failing to revoke a former spouse's beneficiary status in life insurance policies and retirement accounts.
(3) Granting power-of-attorney privileges or executor responsibilities to unqualified people.
(4) Giving the power to make medical decisions on your behalf to two or more people who may not agree.
(5) Assuming you can predict which family member will pass away first - or who will out-live everyone else.
(6) Bequeathing your entire estate at one time - rather than arranging to divide it into the more optimal three or four stages of distribution - to someone who is young or who doesn't have financial expertise.