Planned Giving, Estate Donations In addition to the tax benefits of lowering inheritance taxes, donations to hospice clearly express your wishes to family and friends. There are some key guidelines to remember when making a bequest. Contact your attorney for advice about establishing or amending your will to include a donation to hospice. Name Hospice and Palliative Care of the Ohio Valley as the recipient of the donation. Include any special instructions to Hospice regarding the use of your donations. Indicate the dollar amount or the total percentage of your estate for your gift to Hospice and Palliative Care of the Ohio Valley as well as naming any specific belongings or real estate to be distributed to Hospice. Individual Retirement Accounts can be taxed up to 70% if passed directly to your heirs – by designating Hospice as your beneficiary on your plan, your inheritance taxes are greatly reduced. Contact your Retirement Plan Administrator and name Hospice and Palliative Care of the Ohio Valley as the beneficiary of your donations. Donations of life insurance are a means of benefiting Hospice in your estate planning as probate is avoided, passing donations directly to Hospice without delay. By donating stocks and mutual funds to hospice, you avoid paying capital gains taxes on the appreciation. In addition, the donations full market value, if held for twelve months, is completely deductible. Your home may be given to Hospice now and you may retain lifetime living-rights in which you remain in your home for as long as you and your spouse desire. This allows you to claim an immediate income-tax deduction for your donation to Hospice. For more information on hospice donations or questions regarding estate donations, please contact donations@hospiceohiovalley.org or
Hospice and Palliative Care of the Ohio Valley, Inc. 723 Harvard Drive Owensboro, KY 42301
Mail Donations You can send your hospice donations by check or money order to:
