PSS's mission is to strengthen the capacity of older New Yorkers,

their families, and communities to thrive!

Toll-Free Caregiver Hotline: (866) 665-1713
PSS's mission is to strengthen the capacity of older New Yorkers,

their families, and communities to thrive!

Toll-Free Caregiver Hotline: (866) 665-1713

PLANNED GIVING

Planned giving is making a major donation to charity as part of your financial planning. This can be done during your lifetime or after death. Some options let you receive income while alive, while others help you give to both charity and family in tax-efficient ways.

Do I Really Need a Will or an Estate Plan?

Yes! Every adult should at least have a will. If you don’t have a will or trust (both are types of estate plans), the state in which you live will determine how your assets are divided – and also decide the guardianship of those under your care. As for all the nonprofits you lovingly supported throughout the years, like PSS… they will get nothing.

A will is a legal document that specifies important things such as – who will inherit your property after you are deceased; how your spouse, loved-one will be cared for; who will be the executor of your estate; and what charities may be supported.

An estate plan is a broader term that includes a will, but may also include other documents that protect your family and property while you are alive or incapacitated, such as…

  • A living will and a healthcare power of attorney, which state your preferences for medical treatment and end-of-life care, and appoint someone to make healthcare decisions for you if you cannot.
  • A financial power of attorney, which authorizes someone to manage your finances and legal affairs if you become unable to do so.
  • A trust, which is a legal arrangement that allows you to transfer property to a trustee, who holds and manages it for the benefit of your beneficiaries. Trusts can help you avoid probate, reduce estate taxes, protect your assets from creditors, and provide for special needs or minor children.
You Can Start With Small Steps – Today

Consider your answers to these questions:

  • Who should receive your “assets” (home, savings or investments, other personal property)?
  • Who would you like to take care of your dependents or pets?
  • Is there anyone who should NOT receive your assets?
  • Are there any charitable organizations or institutions you wish to benefit from your estate?

Once you have these answers, make an appointment with an estate planning attorney to begin putting your wishes into place.

Please Include PSS – Presbyterian Senior Services in Your Plans

See below for ways to do that…

Bequests (Giving through your will)

It’s a gift that costs you nothing now, is flexible and can often be established easily through an amendment to an existing will, or through creating a new will. For more information on bequests, please contact giving@pssusa.org.

Click here for more details.
Donate Using Stock, Life Insurance or Retirement Plans

PSS gratefully accepts gifts in the form of stocks, appreciated securities, insurance and retirement plans. Please consult with your financial planner to determine the best option and contact giving@pssusa.org for more information.

Click here for more details.
Trusts

A trust is a fiduciary arrangement, often used in estate planning, which allows a third party, or trustee to hold assets on behalf of a beneficiary or beneficiaries and can determine how and when the assets pass to those beneficiaries. Trusts can sometimes avoid probate so that your beneficiaries may gain access to these assets more quickly than they might to assets under a will, saving time, court fees, and potentially reducing estate taxes as well.

Click here for more details.

Click here to learn more ways to give to PSS.