A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Lanakila Pacific Foundation that will make a lasting impact.
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Lanakila Pacific Foundation as part of your estate plan, or you can make a bequest using a beneficiary designation form.
Clifford has been a faithful volunteer of Lanakila Meals on Wheels for many
years. He believes it is important to help further our mission.
Clifford believes Lanakila Pacific and Lanakila Meals on Wheels are truly
helping others. It is important to him to partner with them to make a
different. That is why he has made several gifts over the years.
But he wanted to do more than just make gifts. He has been careful and have
been able to save enough for retirement. And, he has the ability to be
generous with charity.
After talking it over, he decided to leave a bequest in his will. His
attorney took the simple language available from Lanakila Pacific
Foundation and included a nice bequest in his will for Lanakila Pacific
Foundation.
*Please note: The names and image above are representative of a typical
donor and may or may not be an actual donor to our organization
The method used to make a bequest will depend on the kind of gift you choose to leave to Lanakila Pacific Foundation.
Bequests of real estate, personal property, business interests and cash are typically made by way of a will, revocable trust or even a simple codicil to your current estate plan. Your estate-planning attorney can assist you in preparing the necessary papers for you to complete the bequest.
Other bequests, such as those involving retirement assets, insurance policies, bank accounts and stocks and bonds, are typically made by completing the appropriate beneficiary designation form. Simply contact your retirement plan administrator, life insurance company, bank or investment broker and ask them to send you the appropriate "beneficiary designation" or "payable on death" form. To complete your bequest, you will need to complete and sign the form and then send it back to the person who originally sent the form to you.
The last step in leaving any bequest involves the transfer to charity. When you pass away, the bequest property will be transferred to Lanakila Pacific Foundation. The full value of this gift will be transferred tax-free and your estate will receive an estate tax charitable deduction.