Welcome to Legacy

Fall 2006

Inside This Issue

Talking Finances with Parents
What If You Died Without a Will?
Homework Before Meeting with an Attorney

Mission Statement

The American Red Cross, a humanitarian organization led by volunteers and guided by its Congressional Charter and the Fundamental principles of the International Red Cross Movement, will provide relief to victims of disaster and help prevent, prepare for and respond to emergencies.

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Former Planned Giving Officer Continues Mission with Gift Annuity

LeRoy Engel
Larry Ochstein

As the first planned giving officer with the Palm Beach County Chapter of the American Red Cross, Larry Ochstein had quite an orientation.

Larry had been recruited in 1992 for a two-year position by his friend Frank Pilotte, a Red Cross board member. He had moved to Palm Beach in 1976 after a successful business career in South Bend, Indiana, and had been an active volunteer for many years. Having held positions with the B'nai B'rith Foundation, the American Jewish Committee and the March of Dimes, Larry was chosen for the Red Cross position for his fundraising experience, although he had no experience in planned giving.

Before he was to start the job, however, he took a previously planned vacation. He watched from a hotel room in Salt Lake City as Hurricane Andrew ravaged south Florida. A week later, he started his job in the midst of a full-scale disaster relief operation. The experience gave Larry a clear idea of just how important the Red Cross is in a time of emergency.

During Larry's time of service as a planned giving officer his mother died, leaving him a sum of money. A contributor to the Red Cross since 1990, Larry was committed to the organization's mission and decided to use part of the inheritance to establish a charitable gift annuity.

Now retired, Larry lives in Palm Beach. He has three sons, two in Palm Beach and a third in California, as well as a daughter in Washington, D.C. He still serves the Red Cross as a volunteer.

Because of his first experience with the Red Cross following Hurricane Andrew, Larry is especially dedicated to disaster relief. He also has a special interest in the HIV/AIDS education program we bring to area schools.

He stresses the importance of the donor's philanthropic intent as the key ingredient in any planned gift, but says he has been very pleased with his payments, as well.

For Larry, the charitable gift annuity has been an ideal combination that has provided him with a reliable monthly income while allowing him to make a significant philanthropic gift to a charity he believes in.

If you are interested in finding out about how you can arrange a "life income gift" or include the Red Cross in your estate plan, please visit or call (800) 797-8022 Ext. 5 The Red Cross offers charitable gift annuities for individuals age 65 and older and deferred payment gift annuities for those under 65.

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