Planned Giving

The purpose of an estate plan is to organize and manage your assets during your lifetime and after your death. It ensures that your wishes are carried out and provides a clear framework for how your property, finances, and other important matters will be handled when you’re no longer able to do so. Here are the key purposes:

  1. Asset Distribution: It specifies who will inherit your property and assets, ensuring your wishes are followed and potentially minimizing conflicts among family members.
  2. Minimize Taxes: Proper estate planning can help reduce estate taxes and other financial burdens, allowing more of your wealth to pass to your heirs.
  3. Guardianship for Minors: If you have young children, your estate plan will name guardians to care for them if something happens to you.
  4. Healthcare and Financial Decisions: Documents like a durable power of attorney, medical power of attorney, and a Directive to Physician (living will) allow you to appoint someone to make medical and financial decisions for you if you’re incapacitated.
  5. Avoiding Probate: An estate plan can help streamline the process of transferring assets, avoiding the potentially lengthy and expensive probate process.
  6. Protecting Your Legacy: It can ensure that your legacy and values are carried on, whether through charitable donations, trusts, or specific instructions for how your assets should be used.

In short, an estate plan provides peace of mind and helps ensure that your wishes are respected and that your loved ones are well cared for after your passing.

Planned Giving Options

  • Bequest
  • Beneficiary Designations
  • Charitable Remainder Trust
  • Endowment
  • IRA Charitable Rollover
  • Special Needs Trust
  • Stocks
  • Life Insurance Beneficiary
  • Gift Annuity
  • Living Trust
  • Real Estate
  • Stocks or bonds
  • Retirement account

Why a Bequest Works

  1. Leaves a lasting legacy to the Villagers.
  2. Make a gift that costs nothing in your lifetime – allows you to maintain your financial control.
  3. Make a gift without using your assets.
  4. Help your heirs in the future by eliminating or reducing estate and capital gains taxes.

Sample Bequest Language

If you wish to name High Point Village in your will or estate plan, you may use this sample language:

“I give, devise, and bequeath to High Point Village, at 6223 CR 63000, Lubbock, TX, 79416 the sum of $______ (or ____%) of my estate”; or describe the real or personal property you wish to leave) to be used for general purposes or for residential.

How Would You Like to Make Your Impact?

  • Please make this gift in honor of or in memory of ______________.
  • Send an acknowledgment to: ____________
  • This gift should be used exclusively for:  (consider listing options)
  • Please use this gift where it is needed most.

Tell us what influenced your decision?

How would you like to be recognized?          

  • Please include my name(s) as part of your publications.
  • Please do not list or use our name.
  • This gift is anonymous.

Be Ready to Answer the following:

Is the Gift Revocable or Irrevocable?

  • Revocable – it can be changed at any time
  • Irrevocable – it cannot ever be changed.

Next Steps

  1. For more information about Planned Giving options, contact Deborah Finlayson, Director of Development at dfinlayson@highpointvillage.org.
  2. Seek the advice of your financial or legal advisor.

After you have set up your estate plan, don’t forget to

  • Designate beneficiaries.
  • Update with life changes (life changes can affect the outcome of your desired plans).
  • Let your loved ones know about your plans.