PLANNED GIVING: Wills and Estate Plans

Wills and Estate Plans

Wills and Estate Plans

Wills and estate plans are technical documents that should therefore be drafted by an attorney, but they may be revised and updated whenever you like, as your wishes and circumstances change. By far the most common means of making a charitable gift is through a personal trust or will. It's no wonder: such gifts allow you to contribute to the Church at a level you might never have managed during your lifetime. Your bequest can take a variety of forms. Here
are a few samples for you to consider:

Specific Bequest

The most popular type of charitable bequest, a specific bequest provides that the Church receives a specific dollar amount, percentage of your estate, or piece of property.

Residuary Bequest

A residuary bequest provides that the Church receives all or a stated portion of your estate after all other bequests, debts, taxes, and expenses have been distributed.

Contingent Bequest

A contingent bequest can ensure that if circumstances make it impossible to carry out your primary provisions (as when your spouse or other heirs do not survive you), your assets will then pass to the Church rather than to unintended beneficiaries.

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