Leave a gift to LAW in your will.
Leave a lasting gift for the future of Koh Lanta’s rescue animals and the future of the local community.
A legacy for the animals
Leaving a bequest in your will provides you the opportunity to make an extraordinary footprint on the charities you care most for, turning “regular donors” into “Philanthropists”.
Bequests can be instrumental in building and renovating, and purchasing emergency vehicles and medical equipment. These gifts would help LAW to rescue, treat and ensure a safe future for all the animals in our community.
When our supporters talk to us about leaving bequests, they are often concerned about the uncertainty surrounding the size of their estates when they pass on. No one knows exactly when they’ll pass on let alone what the value of their estate will be when the time comes.
Here are two ways to make a bequest that ease the worry around estate size and gift amount:
Many people choose to make what are known as “residual gifts.” This type of donation is in fact the “leftovers” after all of a person’s fixed obligations are met. So, for example, someone could leave a certain amount of money to each child and grandchild – and then leave the remainder to Lanta Animal Welfare.
Others prefer to leave a percentage of their estate. For example, someone with children and grandchildren might divide their estate into equal portions. Each child and grandchild will receive an equal portion – and the final portion might be split between that person’s local hospital and Lanta Animal Welfare.
Planning for the future doesn’t need to deprive your loved ones in order to fit in your beloved charities nor does it need to put a strain you as you work to put your affairs in order.
There are a few options for finding the best fit for leaving a lasting legacy for the future of Koh Lanta’s animals.
Writing a will
Writing a will is an opportunity to demonstrate your thoughtfulness for your loved ones after you are gone. It is also an opportunity to leave a lasting legacy to the animals in need at Lanta Animal Welfare.
Types of bequests you can include in your Will:
Percentage of the estate-residue
A specific sum of money
Stocks and bonds
Property (this could be a house, car, jewelry or artwork)
Your will should be made in consultation with your lawyer and/or financial advisor. This ensures that the document is legally binding, properly expresses your wishes and maximizes the tax benefits to your estate.
Naming Lanta Animal Welfare in your will
A general gift allows Lanta Animal Welfare to direct the monies received to the areas of greatest need. Your wishes can be updated at any time by making a codicil to your existing will or by making a new will if necessary. In your will you could bequeath, a specific sum of money, a percentage of your estate, stock, bonds, or property which could be in the form of a house, jewelry.
Clause for your will
To set up a legacy gift, which will benefit the animals, simply ask your lawyer to add the following statement to your will:
I give to Lanta Animal Welfare, 629 Moo 2, Koh Lanta, Krabi Thailand 81150 the sum of $_______________, or ______________% of the residue of my estate or my property at __________ in the City of ______________________. The disposition of my bequest is to be used by Lanta Animal Welfare at its discretion.”
LAW charitable number: (USA Charity Registrations: EIN 46-1036210, and DLN 17053300355012).
Our charitable registration number: (Thai Registration TIN number: 0-9930-00348-03-6).
Make a gift of life insurance
A gift of life insurance is a convenient and affordable way to make a substantial future donation to Lanta Animal Welfare.
The following options are available:
Transfer an existing policy to Lanta Animal Welfare
Transfer a new policy to Lanta Animal Welfare
Name Lanta Animal Welfare as a direct beneficiary
Transfer an existing policy to Lanta Animal Welfare
You can name Lanta Animal Welfare as the owner and beneficiary of a policy you already own. You will be eligible for a donation receipt for the cash value of the policy and for any premiums you continue to pay.
Annual premiums qualify for as charitable gifts, possibility a receipt for the cash value upon surrender of policy. Lanta Animal Welfare will benefit upon the payment of the life insurance policy.
Transfer a new policy to Lanta Animal Welfare
You can buy a new policy and name Lanta Animal Welfare the owner and beneficiary. You will receive a tax receipt for the premiums paid each year. Upon your death Lanta Animal Welfare will benefit from proceed of the life insurance policy.
Annual premiums qualify for as charitable gifts. Lanta Animal Welfare will benefit upon the payment of the life insurance policy.
Name Lanta Animal Welfare as a direct beneficiary
You may retain ownership of your policy and name Lanta Animal Welfare as the direct beneficiary. Upon your death, your estate will be eligible for a donation equal to the proceeds of the insurance. You do not receive a tax credit for current premium payments.
Your estate receives a charitable tax receipt for the value of the life insurance policy. This can significantly reduce or eliminate taxes owed by the estate. Lanta Animal Welfare will benefit from the lump sum payment of the life insurance policy.
We strongly recommend you consult your lawyer if you are considering including Lanta Animal Welfare in your estate plans.
For more information please contact events@lantaanimalwelfare.com
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