Testamentary Life Income Gifts

Gift of Appreciated Securities Diagram

How It Works

  • You write a will or revocable trust directing a bequest to the University of South Carolina or one of its affiliated foundations.
  • You provide that the bequest first create a life income gift benefiting a person or persons you designate.
  • After their income interest terminates, the remaining balance in the gift passes to the University of South Carolina or one of its affiliated foundations to be applied to the purposes you specify.

Benefits

  • One estate asset can benefit both the University of South Carolina or one of its affiliated foundations and your heirs or other desired beneficiaries.
  • Your estate will be eligible to claim a charitable deduction for a portion of the amount of your bequest.
  • You can modify your bequest if your circumstances change.

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