Estate Planning

Estate Planning

TAX ID# 221894787

Making a planned gift to HSOC is a wonderful way to carry on your support and compassion for our animals residents.

Bequests
To make a bequest in your will is probably the most straightforward planned giving option. A will is essential, regardless of your age or financial status, to ensure that your property is distributed according to your wishes. The federal estate tax can still take approximately 40-50% of one's estate at the time of death. It definitely pays to do some advance planning with your attorney or other professional advisor. We hope you will consider a charitable bequest in your will, to benefit HSOC while you save estate tax dollars at the same time.

A bequest to HSOC is not subject to federal or estate taxes and there is no limit on the amount of the deduction.

Administration Offices at 609-398-9500 option 4
Phil Bellucci - Email: Phil.Bellucci@hsocnj.org

Naming HSOC As A Beneficiary
Do you have a life insurance policy that is no longer needed to provide for dependents? Why not consider making HSOC the beneficiary? This gives you the possibility to make a significant gift to HSOC without using any of your estates capital. An additional option would be to make HSOC both the beneficiary and owner of a paid up policy. This will earn you an immediate tax deduction equal to the policy's cash value. For further details contact your policy's issuing agent.

An easily planned giving option is to buy a Certificate of Deposit (CD) at your local bank and name HSOC as the beneficiary, payable-on-death. The CD can remain on deposit earning interest until the holder's death; at this point HSOC will receive its value. It is important that the CD automatically rolls-over and maintains the beneficiary designation.

Administration Offices at 609-398-9500 option 4
Phil Bellucci - Email: Phil.Bellucci@hsocnj.org

Charitable Remainder Trusts
A Charitable Remainder Trust can be a very good option for anyone who owns appreciated assets (i.e. a rental property) and want to receive income for life. A donor can transfer their assets to the trust, where it is sold, avoiding capital gains tax. The proceeds are invested; the donor or other beneficiary receives payments for a set term or life. At the end of the trust's life, the remaining principle is a gift to HSOC.

For further details on a Charitable Remainder Trust consult your attorney or other professional advisory.

Administration Offices at 609-398-9500 option 4
Phil Bellucci - Email: Phil.Bellucci@hsocnj.org

Gifts of Property/Real Estate
Gifts of appreciated property can be given to HSOC through a donors will or living trust. A donor would receive an estate tax charitable deduction for the full value of the property. To substantiate an income tax deduction a qualified appraisal (obtained no earlier than 60 days before you make the gift) is required.

Administration Offices at 609-398-9500 option 4
Phil Bellucci - Email: Phil.Bellucci@hsocnj.org