Planned Giving Information

LCS supporters who wish to include the agency in their estate plan, or to make a planned or deferred gift, can take advantage of free, confidential estate planning assistance. For more information, contact Barry Hazard at 503-731-9518.

Ten Things You Can Do to Leave a Legacy
  1. Prepare a will. Without a will, your final wishes may not be carried out.
  2. Leave a gift in your will to Lutheran Community Services and other organizations you support or that have made a difference in your life.
  3. Leave a specific dollar amount or a percentage of the assets in your will.
  4. Consider using assets for your charitable gift. Some examples are: stocks, bonds, CD's, real estate, or vehicles.
  5. Name Lutheran Community Services as the beneficiary of your pension plan or IRA. Doing so may avoid estate and income tax that might otherwise be due on your plan.
  6. Name Lutheran Community Services as the owner or beneficiary of a new life insurance policy.
  7. Name Lutheran Community Services as the beneficiary of an existing life insurance policy.
  8. Remember loved ones with memorial gifts.
  9. Encourage family and friends to leave gifts to community organizations in their wills.
  10. Ask your financial advisor to include charitable giving as part of counsel to clients.

Planned giving: Your Will

At one time or another, most people think about making a will. Individual circumstances are different, but every person - no matter what other estate planning tools exist - should have a will.

Your Will, or the State's Will
If you don't have a will, your state has one for you. If you have not prepared your will, your state of residency at death will distribute your estate according to its laws. Your estate will be divided according to a formula, without taking into account any special needs of your family or your personal wishes. Without a will, you lose the power to control the disposition of your property. Furthermore, the state has no charitable intent.

Only Through a Will Can You…

  • Distribute your property as you choose;
  • Appoint your own executor;
  • Minimize certain estate costs
  • Suggest a guardian for surviving minor children
  • Provide for trusts;
  • Exercise testamentary powers of appointment
  • Provide for your church or favorite ministries and charities

Everyone Needs a Will
Everyone who owns property, has investments or savings, has dependents, and wants to remember the work of the church or a favorite charity needs a will.

When Should I Make a Will?
It's never too early to consider how you would like your property dispersed. When you have made a plan, visit your attorney and have your will prepared. Important decisions will be made which require professional advice. Without a legal will, your desire to benefit your family, church or favorite charities may not be achieved.

Forms of Bequests
There are various forms of charitable bequests. Examples include:

  • A specific dollar amount;
  • A percent of the estate's residual value
  • A specific asset (real estate, stock, etc.)

When leaving a bequest to a charitable organization, include it's legal name and address. When you have properly provided for your family in planning your will, we hope that you will find a place for Lutheran Community Services Northwest. By making a bequest to LCS, you will be helping our agency fulfill its mission of partnering with individuals, families and communities for health, justice and hope.

Information courtesy of the ELCA Foundation

For more information or assistance regarding wills or charitable bequests, contact Barry Hazard at 503-731-9518.

This information is for illustrative and educational purposes only and should not be considered tax or legal advice.
Please consult with your tax or legal advisor about your estate plan.

Planned giving: Charitable Trusts

A trust is a great way to ensure lifetime income for you and make charitable gifts at the same time.

A trust simply is a written agreement between you and the trustee of your choice. The trustee agrees to hold and manage the assets you decide to place in the trust, which can be cash, securities or other property. The trustee collects income from those assets, records it and distributes it to you.

Here are just some of the personal benefits to you when you set up a trust:

  • You receive the income from the trust assets.
  • You turn the burden of investment management over to a professional trustee and money manager.
  • If you become incapacitated, income can be paid for your benefit.
  • You can make an impact on one ore more of your favorite charities by naming them as beneficiaries.
  • Your trust assets can avoid probate, ensuring privacy and reducing probate costs and delays.

For more information or assistance regarding charitable trusts, please contact Barry Hazard at 503-731-9518

Planned giving: Charitable Gift Annuities

Establishing a charitable gift annuity is an easy way to make meaningful gifts to charitable organizations or institutions, while providing for your own financial well-being.

You can give cash, stocks, bonds, or mutual fund shares to establish a gift annuity. You and/or someone you designate will receive fixed payments for life. You also will enjoy tax benefits.

If you are retired, a gift annuity is an attractive way to make a charitable gift while supplementing your retirement income.

For more information or assistance regarding charitable gift annuities, contact Barry Hazard at 503-731-9518.