1. Fill out online

   It only takes 20 minutes to fill out the information needed to create your last will and testament.

2. Print out forms

   The information you provide is combined with the precise language of our legal forms, and provided back to you as a printable will.

3. Sign & keep safe

   To make your will official, print and sign the will according to the attached instructions. Keep your new will somewhere safe but accessible.

4. Pair FreeWill with an attorney

   If you have a larger estate, children with special needs, or complicated family dynamics, or, for any other reason, you require customized legal advice, you may want to pair FreeWill with an experienced attorney’s help.

   We provide all our will-makers with free forms and a free summary of their will intentions to bring to an attorney (saving time and money).

Naming Children of Vietnam as a beneficiary on your retirement account or life insurance policy is a simple and powerful way to support our work without changing your will or living trust. Beneficiary designation gifts pass directly to COV without going through the probate process and go right to work building foundations for life.

Retirement Accounts

Many of our donors name COV as a beneficiary of all or a specified percentage of their IRA, 401(k), 403(b), or other retirement plan.

Individuals who inherit retirement plan assets are typically required to pay income tax on them, making retirement accounts among the best assets to leave to charity.

How to name COV as a beneficiary on your retirement accounts:

1. Ask your retirement plan administrator or financial institution for a change of beneficiary form

2. List us as:

Legal Name: Children of Vietnam
Address: P.O. Box 18039, Greensboro, NC 27419
Federal Tax ID #: 31-1605964

[Notify Us of Your Beneficiary Designation]

Bank and Investment Accounts

You can leave a legacy by naming COV as a Transfer-on-Death (TOD) or Payable-on-Death (POD) beneficiary on a bank or investment account. Check with your financial institution to see if this option is available to you.

Life Insurance Policies

If you have a life insurance policy that is no longer needed for your family's protection, designating COV as a beneficiary is a simple way to create a lasting legacy. You can also name COV as the owner and beneficiary of a paid-up policy, potentially providing an immediate tax deduction.

Charitable Gift Annuity

A charitable gift annuity provides you with a fixed lifetime income at an attractive rate, along with the satisfaction of providing long-term support to Children of Vietnam.

How does a charitable gift annuity work?
You make a gift of at least $10,000 to Children of Vietnam. We invest the assets and pay one or two annuitants fixed payments for life. You receive an immediate income tax deduction. At the end of the contract, the remaining funds support our mission.

Requirements:

• Minimum Age: 65

• Minimum Amount: $10,000

• Assets Accepted: Cash or marketable securities such as stocks or bonds

• Payment Schedule: Annual, semi-annual, quarterly, or monthly

Sample Single-Life Gift Annuity Rates

Age / Rate

• 65 / 5.7%

• 70 / 6.3%

• 75 / 7.0%

• 80 / 8.1%

• 85 / 9.1%

• 90+ / 10.1%

Rates are recommended by the American Council on Gift Annuities and subject to change.

Deferred Gift Annuities

If you are under age 65 and planning for retirement, consider a deferred gift annuity. You make a gift now, with payments beginning at a future date (at least one year later, minimum age 65). Both the annuity rate and amount are set at the time the gift is made.

Charitable Remainder Trusts

A charitable remainder trust is a separately managed trust that allows you to make a significant gift while providing income for yourself or loved ones. After transferring assets to a trust, the trustee invests them and pays income to you or your named individuals for life or a set term of years. When the trust terminates, COV receives the remainder.

The trust may be structured as:

• Charitable Remainder Annuity Trust (fixed payments)

• Charitable Remainder Unitrust (fixed percentage, payments may vary with trust value)

Charitable Lead Trusts

A charitable lead trust allows you to support COV while preserving assets for your heirs. You transfer assets to a trust, which provides annual payments to Children of Vietnam for a period you select. When the trust terminates, the remaining assets pass to your heirs-often with reduced transfer tax.

Benefits:

• Reduction in transfer tax on amounts passing to heirs

• Appreciation in trust value passes to heirs free of gift and estate tax

• Control over when heirs inherit trust assets

The Legacy Circle honors those who have included Children of Vietnam in their estate plans. As a member, you'll receive:

• Special invitations to virtual and in-person events with our Executive Director and Vietnam-based staff

• Behind-the-scenes updates on our programs and impact

• Recognition in our annual report (unless you prefer anonymity)

• Deep, lasting connection to the children and families whose futures you've helped secure

[Join the Legacy Circle] | [Request Our Legacy Brochure]