Gifts That Cost You Nothing Now
Gifts in a will or by beneficiary designation are two easy ways to ensure the health, safety, and security of our citizens and their families for years to come — and they don’t cost anything now.
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for the Louisiana Bar Foundation. Once you have provided for your loved ones, we hope you will consider making our mission part of your life story through a legacy gift.
A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
Your gift will create your legacy of providing legal justice for all.
You can alter your gift or change your mind at any time and for any reason.
Costs you nothing now to give in this way.
Four simple, “no-cost-now” ways to give in your will
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to the LBF contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in providing services that go to the very heart of the health, safety, and security of many of our citizens and their families — and it costs you nothing now.
By naming the LBF as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of ensuring that all Louisiana citizens regardless of their background or income level have access to civil legal services that they need.
Potential benefits of gifts by beneficiary designation:
Reduce or eliminate taxes
Reduce or avoid probate fees
No cost to you now to give
Create your legacy with the LBF
Types of Gifts
Retirement plan assets
Life insurance policies
You can name the LBF as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, the LBF will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
Bank or brokerage accounts
Funds remaining in your donor-advised fund
How to update a beneficiary designation:
Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.
Please use our legal name: The Louisiana Bar Foundation
Include our tax identification number: 23-7100704