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Many alumni and friends of Lakeland College have pledged all or part of their personal estate to Lakeland. These dedicated individuals, thanks to their financial support and bequests to increase the endowment of the college, are helping to provide in perpetuity for future generations of Lakeland students.
To help you include Lakeland College in a bequest, we have provided sample language below to place in your will, codicil, or trust. Your personal attorney can adjust these statements to fit your unique estate situation:
"I give and bequeath ____ % (or a specific dollar amount or describe specific personal property being given) to Lakeland College, Sheboygan, Wisconsin. I request that the total bequest be used in such a manner as the Board of Trustees of Lakeland College shall, in its sole discretion, determine."
"I bequeath ____ % (or a specific dollar amount or describe specific personal property being given) to Lakeland College, Sheboygan, Wisconsin, for the purpose of establishing (state the restricted purpose of how the bequest should be used … i.e. scholarship endowment, building endowment, faculty chair endowment, etc.)."
"I devise and bequeath the entire residue of the property owned by me at my death, real and personal, whatever situate, to Lakeland College, Sheboygan, Wisconsin, for its general purposes."
Lakeland College extends its thanks for your consideration of including the college in your estate plans. We hope these samples are helpful to you and your advisors. If you are considering a restricted bequest, Lakeland strongly encourages you to discuss the details of your intentions with a senior member of the college's administration to assure the maximum effectiveness of your bequest.