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104 North Laurel,
Suite 104
Port Angeles, WA 98362
Phone (360) 417-1815
Fax: (360) 457-1089
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How You Can Help - Estate Planning

  Life Insurance Policies

Many individuals have life insurance policies that can be used to benefit charities when the insured dies or, in some cases, during the insured’s life. Such policies, if left to non-charitable beneficiaries at the insured’s death, will in most cases pass free of income tax, but they will be subject to estate taxation in the donor’s estate, thereby reducing what these non-charitable beneficiaries receive.

For this reason, life insurance policies are often excellent assets to use for charitable giving.

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Please feel free to contact us if you have any questions or thoughts to share.