Your charitable gift will be made because of your concern for American Family Association, and because you believe it is God's plan of stewardship for your estate to share part of that which is entrusted to you. When you have made this decision, the tax advantages of a charitable transfer and the integration of these transfers into your total estate plan can be of great advantage to the overall plan.
Several tools are available.
You can transfer a sum of money, during your lifetime or through your estate plan at death, to American Family Association, requiring that they pay you, your spouse, or another beneficiary an income for life. In addition, a portion of the capital gains tax on appreciated property can be avoided when lifetime transfers are made. If you make a lifetime transfer, you receive an income tax deduction at the time of the transfer, though you maintain income from the annuity for life. The charitable gift annuity can be designed to avoid probate. It also achieves federal gift and estate tax savings.