Bequests

Charitable bequests are the ”mainstay” of planned giving. Naming Lifeworks as a beneficiary in your will help Lifeworks continue with its programs in the future. Lifeworks will receive the gift specified in your will.

The gift may be a specific dollar amount, a percentage of the estate, or the residual of the estate. Lifeworks greatly appreciates each and every bequest no matter how big or small.

If you would like assistance in locating an attorney who can help you write or amend your will, please call us at 781-762-4001 and ask for Bill Abel or Dan Burke

A Charitable Bequest is not subject to estate taxes.

Life Estate

Continue to live in your home, while receiving an income tax deduction.

A Life Estate is a gift of a reminder interest in your personal residence. you would irrevocably transfer title to your personal residence. You would irrevocably transfer title to your personal residence to Lifeworks with related rights to use your property for a term that is specified in your gift agreement...usually for you and your spouses life.

You will continue to live in your hosue, while receiving an income tax deduction for the value of your gift. The value of your gift is calculated using the present value techniquest on the gifted home.