Planned Giving and Other Options: Stock, gifts in-kind, etc. >
Accounts in Trust
Commonly known as “payable on death” or “transfer on death” accounts, this is one of the easiest ways to make a charitable gift to Phoenix Seminary. By opening or changing the legal ownership of an existing bank account, cd account, brokerage account etc., so that the account is in trust for someone else, including a charity. This is not a form of joint ownership as you retain complete control over the funds and the account while you are living. Upon death the remains in the account are transferred without going through probate.