Mount Legacy Society
Legacy Gifts:
Legacy gifts include wills, bequests, charitable trusts, life insurance and retirement funds, real estate, other estate plans. The Mount Legacy Society members assist the Benedictine Sisters of Mount St. Scholastica to continue their presence and work for the people of God in Atchison and the surrounding area. Your gift assists in the care of the elderly sisters.
When making any estate planning decisions, your legal, financial and tax advisors can provide information on state and federal laws. It is important to work with advisors on estate planning.
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Wills and Bequests:
These gifts provide an opportunity to share your good fortune and to leave your legacy by making a gift to your friends, family and Mount St. Scholastica.
Legal Language for Bequests for Unrestricted Bequests
I give, devise and bequest to Mount St. Scholastica, Atchison, Kansas (____ % of my estate OR the sum of $_____ OR the residue of my estate) under this will after the deductions of all debts, funeral expenses, and administration expenses, but before the deduction of any death, inheritance or estate taxes, it being my intention to exonerate this bequest from contributing to the payment of any such taxes.
Legal Language for Bequests for Restricted Bequests
I give, devise and bequest to Mount St. Scholastica, Atchison, Kansas (____ % of my estate OR the sum of $_____ OR the residue of my estate) with the instruction that these funds be used for ________________________________ provided however, that should changing circumstances render this use of funds no longer practical or desirable, the sisters of Mount St. Scholastica may make such changes in their use as it deems advisable.
Life Insurance and Retirement Plan Assets: Gifts of life insurance policies and retirement plan assets can provide significant tax advantages for you and your family either during your life time or following your death. A change in the name of the beneficiary can be made through your insurance company.
Trusts:
Gifts from trusts can be made by naming Mount St. Scholastica along with your other beneficiaries to receive assets from your trust. There are many types of trust agreements and a financial planner can guide you to set up the one that best fits your goals and needs. Your estate may receive significant tax benefits from a gift to the Mount.
Real Estate:
A gift of real estate can be donated to Mount St. Scholastica in various ways.
You can make an outright gift or a gift in your will or living trust.
Gift of Stock or Mutual Funds:
Shares of stock or mutual fund bonds can be donated to the sisters through your estate plan.
In gratitude for your help, we pray for our benefactors daily and offer our Wednesday Eucharist every week for your needs. The names of all our donors will be listed in our annual report, unless otherwise notified.
The Mount Legacy Society
The Mount Legacy Society, established in May of 2007, is an honorary organization to recognize and thank donors who have remembered the Benedictine Sisters of Mount St. Scholastica as beneficiary of a planned gift. Planned gifts include wills, bequests, charitable gift annuities, charitable trusts, life insurance and other estate plans. The Mount Legacy Society members assist the Benedictine Sisters of Mount St. Scholastica to continue their presence and work for the people of God in Atchison and the surrounding area. Your gift also assists in the care of the elderly sisters.
As a member of this society you will be remembered in the daily prayers of the sisters in the Liturgy of the Hours and the celebration of the Eucharist each Wednesday. Your name will be listed in Threshold under The Mount Legacy Society. Following your death you will enrolled in our Book of the Dead and remembered daily in our evening prayer during the month of November. You will not need to attend any meetings. You may be a member of The Mount Legacy Society and request that your name not be published in Threshold and still be included in other aspects of The Mount Legacy Society.
It is a privilege and honor for the Benedictine Sisters of Mount St. Scholastica to be named as a beneficiary in your gift planning. Thank you for considering such a gift.
You can also contact us for more information or for clarification.