A large cash value resulting from a relatively small premium makes a Life Insurance Policy an attractive planned gift. With a charity as beneficiary, the policy is not included in the donor's taxable estate. A Retained Life Estate allows a donor to make a gift of his or her primary residence or vacation home to Angelwish, yet continue to live there for life. A donor giving a Retained Life Estate to Angelwish enjoys an immediate income tax deduction. In addition, because the property has been given to Angelwish, it is not included in the donor's probate estate.
All donations are tax deductible to the full extent of the law.