ElderLaw News

ElderLaw News is a weekly e-newsletter that brings you reports of legal developments and other trends of vital interest to seniors and their advocates. This newsletter is brought to you by The Estate Planning & Elder Law Firm, P.C., William S. Fralin, Esq., President.

Charitable Giving Through Life Insurance

Remembering those organizations and agencies that mean a great deal to you is a special gesture.

When you believe in the mission and the work of a program, a gift of life insurance can be a highly cost-effective way to leverage a small contribution into a large charitable donation and to create your own legacy of caring.

Perhaps your plans for existing policies may be undecided at this point. When you consider a charitable gift of a paid-up life insurance policy, this can be a meaningful way to continue your contributions to those charitable organizations you value and to insure the work of the agency into the future. You may choose to take an existing policy or purchase a new policy; in either case you may name the foundation or an affiliated agency as the beneficiary. Whether you give new policies or existing policies, you will have several choices to maximize savings and the opportunity to endow your personal philanthropy for the future. You will be able to enjoy the assurance that the most important programs and service that benefit people in need will be carried on through your thoughtful generosity. At your death, the policy may fund an agency endowment or a field of interest fund, or you may add to an existing agency fund. Whatever your decision, your legacy will create a meaningful gift for the future and enhance the quality of life for those in need.

The Estate Planning & Elder Law Firm recommends that you contact your financial advisor to determine how this information may best apply to your specific financial and philanthropic goals.


If you are interested in having an Elder Law attorney from The Estate Planning & Elder Law Firm, P.C. speak at an event, then please call us at:

Maryland (301) 214-2229
Virginia (703) 243-3200
Washington DC (202) 223-0270

The Estate Planning & Elder Law Firm, P.C.

The Estate Planning & Elder Law Firm, P.C. is an elder law firm. We represent older persons, disabled persons, their families, and their advocates. The practice of elder law includes estate planning, estate and trust administration, powers of attorney, advance medical directives, titling of assets and designations of beneficiaries, guardianships, conservatorships, and public entitlements such as Medicaid, Medicare, Social Security, and SSI, disability planning, income tax planning and preparation, care management, and fiduciary services. For more information about The Estate Planning & Elder Law Firm, P.C., please visit our website at http://www.chroniccareadvocacy.com.

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Distribution of This Newsletter

The Estate Planning & Elder Law Firm, P.C. encourages you to share this newsletter with anyone who is interested in issues pertaining to the elderly, the disabled and their advocates. The information in this newsletter may be copied and distributed, without charge and without permission, but with appropriate citation to The Estate Planning & Elder Law Firm, P.C. If you are interested in a free subscription to the Elder Law News, then please e-mail us at office@chroniccareadvocacy.com, telephone us at (703) 243-3200, or fax us at 703-841-9102.

This newsletter is not intended as a substitute for legal counsel. While every precaution has been taken to make this newsletter accurate, we assume no responsibility for errors, omissions, or damages resulting from the use of the information in this newsletter. The Estate Planning & Elder Law Firm, P.C. thanks the law firm of Hook Law Center for their input to this newsletter.

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