Exotic Avian Sanctuary of Tennessee is registered as a 501(c)3 non-profit organization.
Contributions are tax-deductible to the extent permitted by law. ©2020 All rights reserved.
ESTATE PLANNING FOR YOUR PARROT
This program is for your bird’s future, ensuring a place for him or her upon your death. It requires you to plan for the financial support of your bird here at the sanctuary, through your Will, for the remainder of its life.
Guidelines and Policies
Because of the long life span of parrots, many of us will not outlive our beloved feathered companions. Exotic Avian Sanctuary of Tennessee, Inc. is contacted by many people working on Estate Plans who wish to leave their parrot to EAST when they die, and need guidelines to provide financial support for their bird(s) in their Will.
If you wish to keep your bird as long as you can and wish for him or her to come here only in the event of your death, we can work with you on Estate Planning. You are welcome to discuss this option in person with us, along with a visit to the Sanctuary in which you would be entrusting your bird. We can provide information to assure that your wishes are carried out upon your death.
Caring for parrots can be expensive and the longevity of parrots compounds this cost. Consider what you spend for food, cages, toys, enrichment and veterinary care. The costs for quality care continue after your death but, through Estate Planning, you can plan to meet the needs of your parrot over its remaining life expectancy.
Optimally, the best party to take care of your parrot is the one who would be willing and able to do it for free. You would never want the person taking care of your parrot to be motivated primarily by financial incentives. However, consider whether you want to leave the party who will take care of your parrot without the funds necessary to maintain him or her with the same quality of life that you currently provide.
We require you to set up a financial donation and placement arrangements with an attorney and furnish a copy to EAST of the associated legal documents in order to reserve a spot at the Sanctuary for your bird(s). The reason for this policy is the fact that there are situations in which family and/or friends have been made responsible to carry out the final wishes of parrot owners, only to have their money taken and their bird sent off to people or places of which the owner did not approve. Without a copy of your wishes that have been set up legally, there is nothing we can do. Safeguard your final wishes and set things up legally to prevent this as it happens more than you might think!
If you decide EAST is right for you and your bird, you must plan to financially support your bird here at the Sanctuary for the remainder of his or her life. Typically, a lump sum would come to the Sanctuary in the event of your death. The total donation amount is reached using a formula based on reasonable life expectancy of the species of your bird x cost per year to properly care for your bird for its lifetime: aviary space, quality food, veterinary care, and enrichment. (See Fee Structure) This is the total donation amount that needs to be planned in your Will. Lump sums may be negotiated with us within reason. If your bird should need to come here while you are still alive, you will need to arrange to begin funding either annually or monthly, based on the same life expectancy of your bird, but you must also provide for your bird in your Will in the event that you die while your bird is in our care. See Lifetime Care.
We strongly recommend that donors seek professional financial, tax and legal advice in preparation of a Bequest or a Codicil to their Will or Trust. It is important that those documents comply with the law of the state in which the donor resides as well as the provisions of the Internal Revenue Code governing the deduction of charitable gifts and bequests.
Bequest options include:
Specific Bequest. States a specific dollar amount, percentage of your estate, or property to Exotic Avian Sanctuary of Tennessee, Inc.
Residuary Bequest. Made when you intend to leave the residue portion of your assets after other terms of the will have been satisfied.
Contingency Bequest. Allows you to leave a portion of your estate to Exotic Avian Sanctuary of Tennessee, Inc. if your named beneficiary does not survive you.
Restricted Bequest. Allows you to designate how your gift to Exotic Avian Sanctuary of Tennessee, Inc. will be used, such as to name an endowment or to support a specific purpose, such as construction of an aviary or the care of your companion parrots.
You may also help support the birds by naming Exotic Avian Sanctuary of Tennessee, Inc. as the beneficiary of your:
- Real estate
- IRA’s or other retirement accounts
- Life insurance policies
- Stocks, bonds, or other securities
- Mutual funds or bank accounts
- Personal property
In many cases, these beneficiary designations may be made online or with a quick telephone call.
To begin the Estate Planning process, email email@example.com, or call (615) 598-5723. We can set up a visit to answer your questions and discuss at length.
The Fee Structure below helps to determine how much financially you should plan for the care of your bird over its lifetime. The amount is determined by multiplying the number of years in your bird’s expected remaining lifespan by the annual fee for each species. For instance, if you request EAST to take your African Gray upon your disability or death, and your bird is 30 years old, and the life expectancy of a captive African Gray is 50 years, you would multiply $1,000 x 20 years, for a total of $20,000 for your bird in your Will. If you wish to place your bird in Lifetime Care, the same formula applies, and begins upon your bird’s residence at EAST.