Charitable Bequest
You can make a donation through your estate by including a charitable bequest in your will. You may designate a specific gift amount, or contribute all or a percentage of your estate.
Benefits of a Charitable Bequest:
- You could make a larger gift than what may be possible during your lifetime.
- Your gift won’t reduce the funds you have to live on, there is no immediate cost to you.
- The final income tax payable on your estate can be reduced or even eliminated, which can be a major advantage to your beneficiaries.
Types of Bequests
Residual Bequest
A residual bequest directs the proceeds remaining from your estate after all other bequests, taxes, debts and expenses have been taken care of.
A residual bequest directs the proceeds remaining from your estate after all other bequests, taxes, debts and expenses have been taken care of.
Contingent Bequest
A contingent bequest allows you to direct funds or property from your estate to CCNM only if specific named beneficiaries predecease you.
A contingent bequest allows you to direct funds or property from your estate to CCNM only if specific named beneficiaries predecease you.
Leaving a gift to Â鶹¹û¶³ÊÓƵ in your will is simple. Talk with your family and loved ones, then speak to your lawyer about drafting or revisiting your will, or adding a codicil.