Sample Bequest
Language
Please note that gifts of this nature
should be carefully considered in relation to
your comprehensive financial and estate plans.
We strongly recommend that you consult an attorney
in the preparation of your will and to supervise
its execution so as to comply with your state
requirements. The following are examples for
illustration only.
- When including a bequest provision in your
will, always use the full legal name and provide
the federal taxpayer identification number.
- Our full, legal name is: "Self Regional
Healthcare Foundation."
- Our federal taxpayer identification number
is: 57-0792372.
Bequests
for Unrestricted Purposes
Unrestricted gifts are to be used for the greatest
need at the time to be determined by the Board.
A general unrestricted bequest is especially
valued by us.
- For a bequest of securities, the
possible language is: "I give Self Regional
Healthcare Foundation all of my shares of XYZ
stock or mutual fund to be used for the benefit
of Self Regional Healthcare."
- For a bequest of cash, the possible
language is: "I give to Self Regional Healthcare
Foundation the sum of (Amount) to be used for
the benefit of Self Regional
Healthcare."
If you do not want to specify the exact amount
or nature of the intended gift, perhaps because
the size of the future estate is difficult to
estimate, a proportional bequest is often the
best way to accomplish your goals. We would
receive a percentage of the estate or the residue
of the estate, after all other provisions have
been met.
- Possible language is: "I give to Self Regional
Healthcare Foundation (percent) of my estate,
[or (percent) of the rest, residue and remainder
of my estate] to be used for the benefit of Self Regional Healthcare."
Contingent Bequest
A contingent bequest takes effect only if the
primary intention cannot be met (e.g. if the
primary beneficiary does not survive the donor).
This ensures that property will not be distributed
to unintended beneficiaries.
- Possible language is: "If (name of primary
beneficiary) does not survive me, or shall die
during the administration of my estate, or as
a result of a common disaster, then I give to
Self Regional Healthcare Foundation all of the
rest, residue, and remainder of my estate, to
be used for the benefit of Self
Regional Healthcare."
Bequests
for Restricted Purposes
If you would
like to honor a family member, a special person
or provide support for a specific program or
department that was meaningful to you, then
you can designate your bequest specifically
for that purpose. You simply use any form of
the possible language included above, and replace
"to be used for the benefit of [insert purpose
or intent]" with the specific designation. Often
specific guidelines govern the use of these
types of funds. Therefore, we recommend that
you contact us to discuss your restricted gift.
We are here to help you as you plan.
If you already have
a will
A codicil is a written change or amendment
to a will. Click
here for a printable copy of what a codicil
would look like. Please remember to consult
your attorney to make sure you are properly
advised.
Thank you for remembering
Self Regional Healthcare . Click here to return
to Wills and Bequests.
Please
note, individual financial circumstances will vary. The information
on this site does not constitute legal or tax advice. Donor
stories and photographs are for purposes of illustration only.
As with all tax and estate planning, please consult your attorney
or estate specialist. All material is copyrighted and is for
viewing purposes only. Use of this site signifies your agreement
with the terms of use. The content
in this Planned Giving section has been developed for Self Regional
Healthcare by Future Focus.
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Revised:
July 10, 2008 15:50
.