Planned Giving

Legacy Gifts & Estate Planning

A planned gift to a local non-profit charity such as ECHO, is a great opportunity for Brandon residents to continue your legacy of giving hope to Brandon area families.  If you are planning your estate or drafting a will, we hope you consider ECHO as your local charity of choice.

When writing or updating your will, you can also make a real difference in the lives of the Brandon families who have suffered recent emergencies.
Here are some common bequest options you can use:

  • Specific bequest: Determine a specific dollar amount or asset that you wish to leave to ECHO of Brandon, Inc.
  • Residual bequest: After you have taken care of your loved ones, name ECHO of Brandon, Inc.   to receive a percentage or all of your residuary estate.
  • Testamentary charitable remainder trust (CRT): Provide income to a loved one after your lifetime and benefit Brandon area families.
  • Testamentary QTIP trust: Your trust provides income, and principal if needed, to your spouse for life, after which the assets pass to ECHO of Brandon, Inc.
  • Contingent bequest: ECHO of Brandon, Inc. receives a bequest only in the event of the death of other beneficiaries.
 

Life Insurance Gifts

A wonderful way to include ECHO of Brandon in your estate plans is by naming ECHO of Brandon, Inc. a beneficiary of an insurance policy. Simply inform your insurance agent that you would like to make  ECHO of Brandon a beneficiary or partial beneficiary of your insurance policy.

Another option in estate planning is designating ECHO of Brandon, Inc. (ECHO) irrevocable owner and sole beneficiary of a whole or universal fully or partially paid life insurance policy. There are a number of things to note prior to making ECHO owner of a policy:

  • Term life insurance policies are not accepted.
  • The life expectancy of the insured must be less than 15 years on an actuarially determined basis.
  • ECHO may liquidate the policy for its net cash value.
  • In order for ECHO to assume ownership of a policy, ECHO must be irrevocably named owner and full beneficiary.
  • Policies that are partially paid will continue to be paid by the donor either through ECHO or directly to the insurance company.

There are several other ways to continue your legacy of giving with ECHO.  Please consult with your attorney and contact ECHO if you need additional information.

 


The information in this website is not intended as legal advice. For legal advice, please consult an attorney.