Beneficiary Designation

Beneficiary Designation

One of the simplest ways to make a gift to Council on Aging of Volusia County is to designate Council on Aging of Volusia County to receive your assets at the end of your lifetime. You can specify all or a percentage of the assets you want each beneficiary to receive. Often, it's as easy as filling out a form.

Beneficiary designations are an option for giving the following financial assets:

Life Insurance

You can also use a life insurance policy to make a gift to Council on Aging of Volusia County. It’s usually as simple as completing a form with the insurance company designating Council on Aging of Volusia County as the beneficiary of all or a portion of the death benefit of your life insurance policy. As an alternative to naming Council on Aging of Volusia County as the beneficiary, you can transfer ownership of the policy. Transferring ownership can produce an immediate income tax charitable deduction for the value of the policy and future income tax deductions if you continue to pay premiums on the policy.

Bank Accounts

You can instruct your bank to pay Council on Aging of Volusia County all or a portion of what remains in a checking or savings account. Your bank can provide you with the appropriate beneficiary designation form.

Investment Accounts

You can instruct your investment company to transfer to Council on Aging of Volusia County some or all investments held in the account at the time of your passing. Your broker or agent can help you complete the process, which may be as simple as amending the name on the account to include Council on Aging of Volusia County.

Contact Us

Please contact us if you have any questions about how to make a beneficiary designation to Council on Aging of Volusia County or to request any additional information that might be helpful to you and your advisors as you consider making a bequest to us.

If you have included a bequest for the Council on Aging of Volusia County in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.

 

Contact Us or Call 386-253-4700 x215