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MAKING PROVISIONS TO HELP ALL ANIMALS ­ LONG AFTER YOU ARE GONE 

The Associated Humane Societies is deeply committed to all aspects of animal care and welfare. Unfortunately, due to our large budgetary requirements, we must rely on the generosity of others. Each year, our job becomes progressively wider in scope and increasingly more difficult. We face many challenges on a daily basis and need all of the resources possible to continue this work. 

If you are reading this, then you are clearly concerned about where your funds should be allocated after your demise. 

Writing your own Will can leave loopholes which may lead to legal problems in the future with attorneys, relatives, friends and can be quite costly to the AHS and the animals. 

A bequest in our Last Will and Testament will ensure that the funds allocated to the Society will be used to support our efforts and aims. Such a bequest may consist of a designated amount of money, a gift of securities, real estate, etc. The Society's Tax Identification Number is 221-487122. 

An outdated Will also presents sadness and expensive legal action. If there is a death of someone mentioned in your Will .... or a divorce, re-marriage, birth, etc., it is advisable to draw up a new Will. The best way to change a Will is to add a Codicil which is a legal document made up by an attorney that describes any changes you wish to make. The things you wish to change are then deleted from your original Will and the Codicil is inserted. 

Keep a copy of your Will in your home in a safety deposit box, one to be kept by your lawyer, & if you send one to the Society, it is kept confidential.  There are many ways to lend your financial support ­ some with significant savings in estate taxes and capital gains taxes ... an attractive income for life ... income for your loved ones and the knowledge that you are making sound valuable investments in the programs, efforts and aims provided by the  Associated Humane Societies to help animals. 

In the absence of a Will, the laws of our state will determine how your assets are distributed.

Also keep in mind that once yopu apply for Medicaid, the government will oversee your finances.  

If you wish to help animals, make donations while you are still in control of your own finances, and later you'll be happy that you were able to provide for animals. There are several types of charitable giving, including those below, and we suggest that you speak to an attorney or financial advisor concerning these.

A SPECIFIC AMOUNT:  I give, devise and bequeath to the Associated Humane Societies with offices at 124 Evergreen Ave. in Newark, also in Tinton Falls, Union and Forked River, the sum of $______ to be used to further their efforts in the care of animals. 

A PERCENTAGE BEQUEST: You can designate a percentage (up to 100%) of your estate to the Associated Humane Societies.  As the value of your estate grows, your bequest will grow.

FINAL CONTINGENCY BEQUEST Many Wills are made up, left in a box, and at the time of probate, all of the heirs are gone. That would make the Will invalid at probate if you do not name beneficiaries that survive you. In that case, the courts decide howto divide up your estate. If none are found, the estate is confiscated. If you name the Associated Humane Societies as the final contingent beneficiary, you ensure that the IRS will not confiscate your estate.

LIFE INSURANCE GIFTS A gift of one of your life insurance policies to the Associated Humane Societies can result in an income tax deduction at the time of your gift, and if you continue to pay the premiums on the policy, those may also be deducted as a charitable contribution. Check with your tax representative. The Associated Humane Societies can be named as a primary or contingent beneficiary of a new or existing policy without transferring ownership of the policy. 

RETIREMENT PLAN GIFTS For those who have savings in tax-deferred retirement accounts, i.e., IRAs, 401(k) and 403(b), funds withdrawn from these accounts are usually taxed at both high income & estate tax rates. According to those in charitable gifts, they advise that less than $30 of $100 in a retirement account, reaches the beneficiary. 

REAL ESTATE GIFTS A donation regarding real estate can give you a substantial tax benefit. You may choose to receive a lifetime income or retain life use of the property.But there are substantial tax benefits. 

STOCKS AND BONDS GIFTS The best way to handle the transfer to benefit the Associated Humane Societies is have your broker transfer your stocks and bonds directly to the AHS. You receive a two-fold benefit ­ a charitable deduction for present market value & no tax on the appreciation.

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