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Leave a Legacy You Can
Walk On! When you meet with your financial planner or attorney and make your wishes known, you can be assured that your philanthropic giving will leave behind a legacy that can be enjoyed by future generations. How to create your legacy: 1) Bequests: You can provide for a gift to Wood Lake by including a bequest provision in your will or revocable trust. Wood Lake will receive the gift and abide by your specifications. Your assets will remain in your control during your lifetime. You can change your gift directive if circumstances change. You can take the estate tax deduction and save money today while benefiting the future of Wood Lake. 2) Gift of Retirement Assets: Have your financial planner help you name Wood Lake Nature Center as the beneficiary of your IRA, 401(k) or other qualified plan. he monies left in your accounts will go to Wood Lake tax free. You will not pay income or estate tax on the remainder in your accounts. It is most beneficial to your heirs to donate the more heavily taxed accounts and give the less heavily taxed properties to them. You can continue to withdraw from these accounts even though they have been gifted. You can also change the beneficiary if circumstances change. 3) Life insurance: You can name Wood Lake Nature Center as a beneficiary so that upon your death the proceeds will go to Wood Lake. Your money will be spent as specified in your policy. No matter what the amount or type of donation, you will have the peace of mind that comes from realizing that your legacy will live on supporting the things you value. Those who have made this effort express great satisfaction that their legacy will help support the environment, education and recreation in a well managed local nature center. |
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Wood Lake Nature Center Richfield, MN |