BEQUEST

A gift made through a will or living trust. The gift bequeathed can be: a specific dollar amount or item, a percent of an estate, the residue left in an estate after completing the provisions for family and others, or a bequest contingent on specific circumstances named by donor.

DONOR PROFILE: Wants simplicity in estate plans and uses as part of an oberall financial/estate plan. Many donors are anonymous

AGE: 65+

ESTATE VALUE: All

ANNUAL INCOME: All

SUITABLE ASSETS: Cash and appreciated property

ADVANTAGES TO DONOR: Estate tax deduction

DONOR CONTROL: No donor control except if designated

BENEFITS TO CHARITY: Charity is owner of the gift and has complete control after the probate process.

DISPOSITION OF INCOME: Charity is owner of the gift and has complete control after the probate process.

DISPOSITION OF PRINCIPAL: Charity is owner of the gift and has complete control after the probate process.