The SAR MAGAZINE is the official quarterly publication of the National Society of the Sons of the American Revolution published quarterly.
Issue link: http://sar.epubxp.com/i/374815
SUMMER 2014 13 The NSSAR Legacy Society and the Strength of Your Will or Trust Expanding the Legacy of the Sons of the American Revolution Write a will or trust enabling you to: ✩ Provide for your heirs ✩ Leave your assets to people and causes you cherish ✩ Name your executor/ executrix or trustee ✩ Establish trusts and other mechanisms to preserve your estate from taxes and probate ✩ Modify an existing will with a codicil or amend your trust ✩ Make charitable gifts that leave a lasting legacy Decide what assets to leave to NSSAR: ✩ Cash, securities, real estate and other personal tangible property can be left to NSSAR in your will or trust ✩ To bequeath your qualifi ed retirement account such as an IRA, 401(k) or 403(b), contact your account administrator to designate NSSAR as a benefi ciary ✩ Designate NSSAR as the benefi ciary of a life insurance policy Consider what your bequest to NSSAR can do: ✩ Support construction of new facilities ✩ Expand educational programs at The SAR Center ✩ Sponsor events and create a fi rst-class SAR museum ✩ Expand the SAR Genealogy Library ✩ Create an Endowment Fund for future needs More information about how to leave a bequest is available from the Offi ce of the SAR Foundation (SARF) 809 West Main Street, Louisville, KY 40202 * (502) 315-1777 or call your personal advisor Act today for maximum benefi t ✩ ADVANCING AMERICA'S HERITAGE ✩ HONORING PATRIOT ANCESTORS ✩ BUILDING A STRONGER SAR The SAR Foundation is recognized by the IRS as a 501 (c) (3) non-profi t organization. All donations are tax-deductible to the fullest extent of the law. Current Home – The SAR Center, 809 West Main Street, Louisville, KY 40202 policies (term, whole life, etc.) can be used. If you also name the SARF as the owner of a life policy, the periodic premiums you pay may be tax deductible. (Changing ownership of an annuity could have adverse income tax consequences and generally would not be advisable.) 5. Other more complex deferred gifts, such as charitable remainder trusts or a charitable gift annuity, also are available but require more extensive consultation with your attorney, accountant or financial advisor. You should always review your plan to make a deferred gift with your own attorney, accountant, financial advisor or other appropriate professional; however, your chapter, state or national society chancellor generally will be willing to assist you and the professional you choose in determining the proper language for legal documents to accomplish a deferred gift to the SARF. While not your primary reason for making such a gift, you will receive public recognition if the executive director is advised of the gift. You, or your professional representative, would simply provide him a copy of the document indicating such a gift. Gifts to the SARF made by will, revocable trust, non-probate transfers act and insurance policies are contingent (i.e., you may always amend or revoke them). Recognition is given through the Lamplighter Award Program described in the NSSAR Handbook, and your gift of more than $10,000 will reserve space on the Patriot's Memorial Wall in the new SAR Center for Advancing America's Heritage on Museum Row in Louisville, Ky. Naming the SARF as both the owner and beneficiary of a whole life insurance policy is not contingent, however, and recognition would be made under the established SAR Center for Advancing America's Heritage program or other applicable programs. The education of America's youth is at stake. I hope you find this the most important reason to consider one or more of the actions described above. Compatriot Retired Col. David N. Appleby has served as National Society Chancellor General, president and national trustee of the Missouri Society, and as president of his local chapter. He is a George Washington Fellow.