In addition to supporting the mission of Treasure Coast Hospice, a planned gift can provide substantial tax advantages, especially on gifts of stocks and real estate. The benefits may include:
An income tax deduction
Reduced capital gains taxes
Reduced probate costs and estate taxes
Income for life
Simply by taking advantage of incentives the IRS provides, you and your advisor can craft a gift that fits your needs, as well as the needs of Treasure Coast Hospice. Even with the increased standard deduction in the tax law that became effective January 1, 2018, an immediate income tax charitable deduction resulting from a planned gift may lead to itemizing deductions and greater tax savings. A planned gift makes it possible for you, your loved ones, and Treasure Coast Hospice to all benefit.