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Torsten Anderson's Remarkable Legacy

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Torsten Anderson

To describe Torsten Anderson in a few words is difficult. He was a loyal friend, an immigrant, a storyteller, a farmer, an annuitant. But these labels don't begin to describe a man who lived a full life for 104 years.

Torsten was born in 1908 in Osthamar, Sweden. He was the third of six children born to Joakim and Ellen Andersson and spent his earlier childhood in Sweden. Torsten's uncle, Sanford Stoneberg, emigrated from Sweden in 1886 and established a ranching operation in Dundy County, Nebraska. During one of Sanford's visits to Sweden, it was decided that Torsten and his older brother, Bill, would join their uncle in America.

After crossing on the Swedish- American liner Gripsolm and completing the necessary procedures Legacy Summer 2013 Your at Ellis Island, 17-year-old Torsten and 21-year-old Bill arrived in Max, Nebraska, in December, 1925. They made their home on the ranch northwest of Max and began learning the language, customs and routines of rural southwestern Nebraska life.

After immigrating to the United States, Torsten returned to his native Sweden 14 times, the first time in 1954 on the same ship that he and his brother sailed on their initial trip 29 years earlier. His last trip to Sweden was in 1998 when he celebrated his 90th birthday with family and friends.

A Lifetime of Service
Torsten served as a director of State Bank in Benkelman for 22 years, on the board of trustees of the Sarah Ann Hester Memorial Home, as the treasurer of Rural School District 10 and on the Dundy County Cemetery Board. He also established a charitable gift annuity with Methodist Hospital Foundation. He knew the value of health care.

Torsten was a truly remarkable individual, quick of mind and wit. His ability to remember events, past and current, and attach them to names was amazing. He made an effort to work at something on the ranch for a part of each day— piling deadfall tree limbs, hoeing musk thistle, checking fences— even while he was in his 90s.

Torsten passed away on March 9, 2013. He was just four months shy of his 105th birthday. His experiences were abundant and he helped many throughout his life. It is said that those who set up a charitable gift annuity tend to live longer lives and, in this case, it seems to be true. To establish a charitable gift annuity with Methodist Hospital Foundation, please contact Elizabeth Borisow at (402) 354-4825 or foundation@nmhs.org.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Methodist Hospital Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Methodist Hospital Foundation, a nonprofit corporation currently located at 8401 West Dodge Road, Suite 225, Omaha, NE 68114-3447 , or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Methodist Hospital Foundation or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Methodist Hospital Foundation as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Methodist Hospital Foundation as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Methodist Hospital Foundation where you agree to make a gift to Methodist Hospital Foundation and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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