Maitripa College offers a variety of ways for you to make planned gifts to the college. Whatever your financial status, there may be a way for you to leave a legacy:
a. Name Maitripa College in your will or living trust.
If you have an existing will or living trust, you can easily add Maitripa College as a beneficiary. If you don’t have a will or living trust, please consider having one prepared. Many experts agree that wills and living trusts offer benefits to people, by (at a minimum) ensuring what they leave behind is directed in the manner they intend. >Click here to consider some examples of ways to include the college as a beneficiary.
b. Name Maitripa College as a beneficiary of a retirement plan or a life insurance policy.
When you name the college (which is a charitable organization) as a beneficiary of a retirement plan or a life insurance policy, distributions from the plan or policy will come directly to Maitripa College, rather than passing through your will or living trust. It’s also possible that your heirs may benefit from this approach. >Click here to consider an example of how this could work.