Below, we have listed some of the more common kinds of bequests, and some bequest language. We recommend that you carefully review the terms of your will with a professional trained in handling trusts and estates. General Bequest General Bequests are legacies left to certain people or causes that come from the general value of the
Different Types of Bequests in a Will
In this guide, we’ll explore 6 types of bequests in a will so that you can decide which ones make the most sense for your estate plan. The types of bequests in a will are: 1. General Bequests. A general bequest describes a gift of a specific dollar amount, rather than a particular asset or property, made to someone through your Will.
Sample Bequest Language In deciding which sample language to use, determine the “form” and “purpose” of the bequest; then combine the language relating to each other together.
To assist you with this important process, we offer some suggested bequest wording below. Specific bequests are used to make a gift of a specific dollar amount or specific assets, such as securities, real estate, or personal property.
Making a bequest to your existing fund. The following language provides an easy way for you to make a gift through your estate to a fund you already have at Seattle Foundation.
Sample Language for Your Will or Trust - Horizons Foundation
The following language may help you and your attorney when drawing up a bequest that meets your needs. General Gifts in a Will. General gifts in a will are the most valuable, as they allow Horizons Foundation to apply your gift wherever the need is the greatest. Examples of general bequests include: SPECIFIC GENERAL BEQUEST
charitable bequests* The following samples may be helpful to you or your client’s attorney in facilitating your client’s legacy gift to one or more specific nonprofits.
Sample Wording for Bequests | Legacy Giving | AACR Foundation
American Association for Cancer Research (AACR) staff will be pleased to work with you and your attorney to design an estate plan specifically tailored to your wishes. The following are suggested forms for making various types of bequests to the AACR.
Sample Bequest Language - American Heart Association
May 8, 2020 · I give, devise, bequeath, ______ (insert dollar amount, item of property or % of residue) to the American Heart Association Inc., or its successor organization, a nonprofit corporation as described in section 170 (c) of the Internal Revenue Code, with national headquarters located at 7272 Greenville Avenue, Dallas, Texas 75231 to be used exclusi...
Sample Bequest Language - Bequests and Online Legacy Planning
Specific Bequest Language. Naming your favorite charity as a beneficiary of a specific amount from your estate is easy: I give and devise to [ORGANIZATION NAME], located in [CITY], [STATE], the sum of $_____ to be used for its general support (or for the support of a specific affiliate, fund or program). Residual Bequest Language