Legacy Donations

 

  • Will or Trust – Make a one-time bequest to FA, or make FA the beneficiary of a trust.
  • Insurance Policy – Designate FA as the beneficiary of all or some of the proceeds of a life insurance policy.
  • Investment Account – Designate FA as the beneficiary of all or some of the proceeds of an investment account, such as a 401(k).

We recommend you consult with an appropriate professional (such as your estate-planning attorney, insurance professional, or financial-services professional) to determine (a) the proper procedures and precise wording for making such donations and designations, (b) the legal requirements applicable in the locale where you reside, and (c) the implications for your estate. You may also obtain more information from the WSO.