SUGGESTED BEQUEST WORDING
Consider remembering Chaminade in your will or trust. Gift planning benefits you today and Chaminade forever.
A bequest is simple and convenient. You have a number of options.
You can make a bequest for a specific dollar amount or for a percentage of your estate. Many individuals establish endowments that honor the memory of a family member or another loved one. These endowments live forever, since only the income is used annually. Since a will is an important legal document, you should seek an attorney's help. To assist you with this important process, we offer some suggested bequest wording below.
Following are some examples of various types of bequests:
Specific bequests are used to make a gift of a specific dollar amount or specific assets, such as securities, real estate, or personal property.
Residuary bequests are used to give all or a portion of the rest, residue, and remainder of your estate after payment of expenses and any specific amounts designated to other beneficiaries.
Including in your Will
The following includes several examples of suggested bequest wording to benefit .
Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage you to share your final will provision with to ensure that your wishes will be properly followed and recognized.
Percentage of estate for unrestricted purposes
I give, devise, and bequeath to , a not-for-profit organization located in Mineola, New York, _____ percent (%) of the rest, residue, and remainder of my estate as an unrestricted gift to be used for the general purposes of , located in Mineola, New York.
Specific amount for unrestricted purposes
I give, devise, and bequeath to , a not-for-profit organization located in Mineola, New York, the sum of $_______ in cash or in-kind (or ________ shares of ________stock) to be used at the discretion of for the general purposes of and its related entities.
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