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Learn About Wills and Bequests

Putting a bequest in your will is a great way to support Community Foundation of Lorain County without impacting your current lifestyle or your ability to support your family.

Furthermore, our Legacy Society is a group of extraordinary individuals who have named the Community Foundation through a bequest in their estate plans. By making Community Foundation of Lorain County aware you have named us in your estate plan, we can honor you as a participant in this distinguished group.

What are the benefits of making a bequest?

  1. You can leave a lasting legacy to be remembered
  2. You can designate either a general or specific purpose
  3. You may lessen the burden of taxes on your family
  4. You may receive estate tax savings

How can I learn more?

How do I make a bequest?

A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift be made to family, friends or Community Foundation of Lorain County as part of your estate plan.

What are my options?

A bequest can be made in several ways:
  1. You can gift a specific dollar amount or asset (Specific Bequest)
  2. You can gift a percentage of your estate (Percentage Bequest)
  3. You can gift from the balance or residue of your estate (Residual Bequest)
  4. You can make a contingent beneficiary designation of certain assets (Contingent Beneficiary Designation)

How do I get started?