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Lake Katherine
In every walk with Nature one receives far more than he seeks.
- JOHN MUIR


Planned Giving

Planned gifts include bequests, wills, and gifts of life insurance and retirement plans. While each planned gift is different, these gifts can offer significant financial or tax benefits while ensuring that future generations will enjoy the splendor of Lake Katherine.

Your planned gift to Lake Katherine is a great way to leave a lasting natural legacy for generations to come. While not intended as financial or legal advice, this information is a general guide about some planned options.

Wills and Bequests

When writing a will, you have the opportunity to remember the Lake Katherine Nature Center and Botanic Gardens as one of the beneficiaries of your estate.

Using the right words is important when you write or revise your will. If you decide to include Lake Katherine Nature Center and Botanic Gardens in your will, here is some sample wording:

Percentage

"I give, devise and bequeath to Lake Katherine Nature Center and Botanic Gardens, 7402 W. Lake Katherine Dr., Palos Heights, IL 60463, _____ % of my estate."

Dollar Amount

"I give to Lake Katherine Nature Center and Botanic Gardens, 7402 W. Lake Katherine Dr., Palos Heights, IL 60463, $ ________."

Specific Property

"I give, devise and bequeath to Lake Katherine Nature Center and Botanic Gardens, 7402 W. Lake Katherine Dr., Palos Heights, IL 60463, (describe the property)."

Residue of Estate

"All of the residue of my estate (or specify percentage) including real and personal property, I give, devise and bequeath to Lake Katherine Nature Center and Botanic Gardens, 7402 W. Lake Katherine Dr., Palos Heights, IL 60463."

Life Insurance

When your needs change and you no longer feel you need a life insurance policy, designating the Lake Katherine Nature Center and Botanic Gardens as the beneficiary or sole owner of your insurance policy is an easy, tax-efficient way to give. After your lifetime, the benefits from your policy pass to Lake Katherine Nature Center and Botanic Gardens free of federal estate taxes.

Retirement Plan

Naming the Lake Katherine Nature Center and Botanic Gardens as the sole beneficiary or one of beneficiaries of your retirement plan is a simple way to support Lake Katherine. In addition, the proceeds would be tax free for Lake Katherine, whereas the income may be taxable for your family.

Information provided here is not intended to be tax or legal advice. Please consult qualified financial and legal advisers before making a planned gift.


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© 2017 Lake Katherine Nature Center and Botanic Gardens | Palos Heights, IL. All Rights Reserved.
Lake Katherine is owned and supported by the City of Palos Heights and managed by Lake Katherine Nature Center and Botanic Gardens.
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