Q: How do I get started with planning an estate gift for animals?

A: Effective estate planning starts with a good attorney. Developing a plan will ensure that your wish to make a difference for animals is met. A plan will also allow your family to avoid the delay, dissension and needless expense that often occurs when a loved one passes away without a will.

Q: Can an "average" person leave a legacy?

A: Definitely! Bequests are one of the simplest forms of planned giving and are a way to perpetuate your lifetime commitment to animals. With a bequest, you can make a gift that you may not have afforded in cash during your lifetime. Most people leave an estate when they die, even though they may not have a great deal of wealth. It's a wonderful way to make a lasting difference.

Q: Is it important to designate specific instructions in my will?

A: To ensure that your wishes are met, you should state your intentions in your will. Without a will, one loses control over belongings after death. Property and finances are settled according to the state's decisions, despite the family's wishes.

Q: Are there advantages for my heirs and me by making a bequest? If so, what are they?

A: Yes! Tax deductions are a real benefit.* Your attorney can guide you in selecting an estate gift that will maximize your tax benefits and may even be able to provide you with income during your lifetime. You will also be eligible for membership in the Ozaukee Humane Society's esteemed Dudley's Legacy Club where you will enjoy great member benefits!

Q: Can funds from a retirement plan or IRA be part of a bequest?

A: Yes, and the number of estates containing IRAs and retirement plan assets is growing. They are an attractive source of charitable bequests because OHS can receive the funds with no tax liability and therefore can apply 100% of those assets to help animals. By contrast, family members who inherit IRAs and retirement plan assets must pay income tax on them. By the time taxes are paid, some family members can receive as little as 15% of the retirement account.

Q: Is it possible to make a gift for a specified purpose?

A: Yes! The Ozaukee Humane Society puts every gift to work for animals, but if you have a fondness for a particular program such as adoption, education or veterinary care, we would be delighted to apply your gift to a specific purpose! We'd be happy to discuss your special wishes.

Q: Should I tell OHS about my estate plans?

A: Absolutely! It is helpful to OHS staff to be able to plan for the future of our lifesaving programs. If you have included OHS in your estate plans, please let us know! We'd love to be able to thank you during your lifetime.

If you have ANY questions at all, please don't hesitate to email us or call our Development Office at (414) 431-6162.

*No part of this information is intended as legal advice. Please consult with competent tax and legal professionals to determine the best giving strategies for your situation.