ESTATE PLANNING:

• Mazzuchelli Heritage Society
• Pension Protection Act of 2006
• Wills and Living Trusts
• Charitable gift annuities
• Charitable Lead Trusts
• Charitable remainder annuity trust or charitable remainder unitrust
• Charitable Remainder Trusts
• Life Insurance

DU Home > Alumnae/i & Friends > Giving > Estate Planning > Life Insurance

Life Insurance

Life Insurance

Life insurance is another way to make a future gift to Dominican University. You can make Dominican the owner and beneficiary of a new policy or an existing policy that you no longer need. Your charitable deduction, if you itemize, will generally depend on the cash value of the policy. You may also designate Dominican University as the primary or contingent beneficiary of a policy without making it the owner. In that case, however, there are no lifetime tax benefits.

Retirement Plan Accounts

Qualified retirement plan accounts provide a simple way to make a significant gift to Dominican University. If you have an IRA or participate in any other qualified retirement plan, you can designate Dominican as the beneficiary of any remaining funds you do not use. This kind of gift can provide a significant tax savings to your estate and to other beneficiaries of your estate.

Retained Life Estate Agreements

A retained life estate agreement is a way for you to transfer ownership of your home, vacation home, or other real estate to Dominican University and retain a lifetime interest in the property. The lifetime interest allows you to live in your home or profit from the property for the rest of your life. You will receive an income tax deduction based on the value of the property. A retained life estate agreement must be carefully planned with your professional advisors and with Dominican University before a decision can be made about the suitability to you and to the university of such a gift.