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The MC Law Heritage Society honors those who make planned gifts to the law school, including provision for MC Law in their estate plan through a charitable bequest, a trust or a gift of life insurance.
Create Your Lasting Legacy
We can help you incorporate your life’s legacy into your estate plan. Creative planned giving techniques can be tailored to meet the specific needs, wishes, and objectives of individuals, as well as to assist MC Law in its mission. Estate planning professionals suggest a review of your will and estate plan every three years or whenever a major event occurs in your life such as marriage, birth, death or significant change in wealth. If you already have your estate plan in place, you can easily amend it to include a planned gift to the Mississippi College School of Law.
A bequest is a simple way of giving to an organization, but it isn’t and shouldn’t be the only way of establishing a legacy. There are a variety of options for planned giving at MC Law including gifts of life insurance, charitable trusts, gift annuities, gifts of appreciated property and stocks.
Gifts by Will or Trust
The simplest way to make a future contribution to MC Law and provide the gift of education to others. Here’s a recommended statement for making an unrestricted bequest in your will or trust:
“I bequeath the sum of $_________, or _________% of my adjusted gross estate as finally determined for federal estate tax purposes, whichever is the lesser, to the Mississippi College School of Law, 151 East Griffith Street, Jackson, MS 39201, to be used as determined appropriate by MC Law to support college programs or students.”
Here’s a recommended statement for making a bequest in your will or trust to a specific program/use:
“I bequeath the sum of $_________, or _________% of my adjusted gross estate as finally determined for federal estate tax purposes, whichever is the lesser, to the Mississippi College School of Law, 151 East Griffith Street, Jackson, MS 39201. The bequest outlined above is to be used for the following program/purpose:_______________________________”
Gifts of Securities
You can transfer appreciated stocks, bonds, or mutual fund shares to MC Law. The Mississippi College School of Law will sell your securities and use the proceeds as you direct.
You can make a gift of a home or other real estate and continue to use the property through a life estate arrangement. A charitable contribution of real estate can include your personal residence, a hunting camp, a cottage, a farm, vacant land, or commercial real estate. All non-cash gifts are subject to review by the Mississippi College Board of Trustees.
Another simple yet significant way to leave a legacy gift is to name the Mississippi College School of Law as the beneficiary to receive all or part of the proceeds of a life insurance policy.
Retirement Plan Assets
If your retirement funds exceed your needs, gifts can be made from this extra money to support your charitable interests. Naming the Mississippi College School of Law as the primary beneficiary of your individual retirement account or other retirement savings plan avoids income and estate taxes.
Charitable Remainder Annuities or Trusts
You can make a gift that provides you income for life. After your lifetime the trust then reverts to the charity you named as beneficiary.
*The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.