Legacy Gifts or Planned Giving
Legacy Giving or Planned Giving allows a donor to make a gift commitment to Lake Charles Memorial Health System, but to delay delivery of the final benefit of the gift until a later time. Donors who make planned gifts to LCMHS may receive tax and/or income benefits. Some types of legacy or planned gifts result in lifetime incomes for the donor and/or other beneficiaries. Some may entail a reduction of income taxes, capital gains taxes and estate taxes.
Donors may make legacy or planned gifts to LCMHS in the following ways:
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Through a bequest, through charitable remainder trusts, gift annuities and deferred payment gift annuities.
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By making LCMHS the beneficiary and owner of an insurance policy.
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Through gifts of remainder interest in a personal residence, farm or other real estate property.
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Through charitable income trusts.
It should be noted that the laws governing such gifts are subject to revision and it is therefore extremely important to have up-to-date information on tax consequences.
Legacy or Planned Giving is a very important, and yet often is an underutilized way for a person or family to provide future stability to LCMHS.
For more information about Legacy Giving, please call 337.494.3226.
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