​Planned Giving includes many types of gifts that are made during your life or upon your death. The most
 
common planned gift on death is the bequest. Your attorney can include bequest language in your last
 
will or living trust that directs a specific asset, total dollar amount or percentage from your residual
 
estate to be given to Central Minnesota Habitat For Humanity (CMHFH). Your bequest may also include
 
instructions for the specific use of your gift.  Another common type of planned gift on death is a
 
beneficiary designation under your retirement plan, IRA, annuity, or life insurance. These are easy to
 
make and generally can be changed anytime before you die. Because you retain the right to revoke
 
 these planned gifts before your death, you don’t receive a current income tax charitable deduction.
 
 
Certain types of planned gifts can be made during your lifetime, but CMHFH won’t receive the money or
 
property until your death. Examples of lifetime planned gifts are life estates on your house, transfers of
 
the ownership of a life insurance policy, or gifts to charitable remainder trusts (CRTs). In a CRT, you
 
retain an income stream for your life or a term of years (20 years or less), and the remainder passes to
 
CMHFH at the end of that period.  These lifetime planned gifts are irrevocable and offer a current
 
income tax charitable deduction for a portion of the value of the property donated.
 
 
Contact your attorney or investment advisor to see how a planned gift to Central Minnesota
 
Habitat For Humanity will impact your estate plan.