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Are there any tax advantages of planned gifts and bequests?

April 26, 2017advantages bequests gifts planned tax

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Are there any tax advantages of planned gifts and bequests?

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Part of the process of exploring a planned gift involves determining the specific tax benefits of each particular type of planned gift. Some gifts provide for a tax deduction at the time of creation while others have deferred tax advantages. A planned gift often allows you to have a significant impact at the University while receiving tax benefits that, in some instances, can reduce the out-of-pocket cost of each gift significantly.