After a decade of annual changes, the American Taxpayer Relief Act provides a permanent resolution for gift and estate tax rates and the gift, estate and generation-skipping transfer tax “GST” exemptions. The gift and estate tax rate is set at 40%, and the exemption is $5 million (indexed annually for inflation). For 2013, it is $5.25 million per person.
This certainty presents an excellent opportunity to review existing estate plans or create new plans. If you are considering charitable giving through your will, a bequest can be tailored to support a cause that means the most to you. As you consider an estate plan provision for the College, please contact me or my colleagues to explore gift purpose options. Identifying a purpose that will ultimately help Hamilton students and one that meets your personal goals is a process that many donors find very fulfilling.
Please advise the College if you have included Hamilton in your estate plan or completed a planned gift so you may be honored and recognized as a Joel Bristol Associate.
For more information about planned gifts at Hamilton, please go to:
or call Ben Madonia ’74 or Joni Chizzonite at 866-729-0317.