Cash. It is,
of course, the easiest transaction to make. You are limited
only by your cash flow and your inclination to draw from
your cash reserves.
Appreciated securities. Get
the same tax deduction as if you had given cash, but use
stocks or bonds that cost you less than they are currently
worth. Your deduction is based on market value, but you incur
no capital gains liability on the transfer to us. It's one
of the best tax incentives left, and we can work with your
broker to make a gift of securities simple.
Real estate. Gifts
of land, vacation homes or income-producing properties can
bring great benefits to us. We have to review each gift proposal
carefully, and sometimes it's not practical for us to accept.
You can give real estate outright, transfer it in a part
sale/part gift arrangement, use it to fund a life-income
gift, or give your residence and reserve the right to continue
to live there.
A retirement account. The
balance remaining in your retirement account after your death
is subject to double taxation if it passes to your heirs:
it's taxed both as income and as an estate asset. Result?
Over 75% of the account value may go to taxes. It's a better
plan to designate the remainder of your account to W & M, and
then use other assets for gifts to your family. New regulations
simplify the procedure to name W & M as beneficiary; we're ready
to assist you.
Appreciated property. You
may be holding property like books, artwork or equipment
that you no longer wish to maintain. Instead, these assets
could bring real benefit to W & M. There are particular IRS requirements
to meet before you can deduct a gift of appreciated assets.
And, we will review each gift proposal carefully to make
sure that can put the asset to good use.
Business interests. A partnership, an interest in a business, shares of closely
held stock, or a limited partnership share may all hold value
for us. We'll review the proposed gift, and if we agree,
will work with you and your advisors to make the transfer