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.
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.
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.
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.
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.
Would you like to talk more about how you may contribute to the Gospel Rescue Mission through a Bequest?...
Call me today, I will be glad to answer questions and offer suggestions confidentially based on your personal circumstances.
Please call Danny Hansen Today, at (520) 740-1501, or e-mail me using the information request form.