Estate Planning Documents
Charitable Giving
Just for Fun
Taxes
100
"I don't trust lawyers."
"I am not rich."
"I'm not planning to die soon!"
These are common excuses for avoiding this.
What is a Will?
100
A charity pays YOU income for life with this arrangement.
What is a charitable gift annuity?
100
This infamous character is known to steal from the rich and give to the poor.
Who is Robin Hood?
100
The earliest age you can take social security benefits?
What is age 62?
200
This % of Americans do not have a Will.
What is 68%?
200
This is the most popular reason for doing a charitable gift annuity.
Guaranteed fixed income for life & support charity
200
This famous sentimental story tells the story of a husband and wife's Christmas gifts when they had very little money.
What is the Gift of the Magi?
200
If your estate is valued $12.06 million or more, your heirs will pay this tax.
What is estate tax?
300
This person handles your financial affairs if you become ill or disabled during your lifetime.
What is your Durable Power of Attorney?
300
Your heirs pay the highest tax when inheriting this retirement asset.
What is a Traditional IRA?
300
According to Forbes, this person is the most philanthropic billionaire.
Who is Warren Buffet*? Other sources list Bill Gates.
300
This is the amount of money you can gift to a loved one each year without paying tax (aka annual gift tax exclusion)?
What is $16,000 per year? ($32,000 for a couple)
400
This person collects and distributes your assets when you pass away.
What is a Personal Representative or Executor?
400
An IRA is the best retirement asset to gift at death to this entity.
What is charity?
400
Mackenzie Scott has given away more than $3.8 billion to 465 organizations since signing this commitment to donate half of her fortune to charity.
What is the Giving Pledge?
400
This is what lawyers will answer when you ask if you should put a son or daughter's name on the deed to your house?
What is no?!
500
This vehicle is a alternative to a simple Will.
What is a trust?
500
This type of account lets you make gifts to charity(s) over time and gives you an immediate tax deduction.
What is a Donor Advised Fund?
500
Donated to The Salvation Army, this Victorian house served as a home to vulnerable children between 1936 and 2005 and is immortalized in this Beatles hit song.
What is Strawberry Field?
500
This is applied to the cost basis of the home you leave to a loved one after passing away.
What is a step up basis?