What is a Charitable Bequest?
A charitable bequest is simply a distribution from your estate to a charitable organization through your last will and testament or trust. There are different kinds of bequests. For each, you must use very specific language to indicate the precise direction of your assets and to successfully carry out your final wishes.
In any charitable bequest, it is important to name the recipient accurately or your bequest may go to a charity you did not intend.
If you want your charity to use your gift is a certain way, you must also specify the purpose of your bequest.
You do not need to be wealthy to make a charitable bequest. A small gift is of value to all charitable organizations.
Call the Law Offices of Debra G. Simms at 386.256.4882 to learn more.
This blog post is not case-specific and is provided only for educational purposes and is not intended to provide specific legal advice. Blog topics may or may not be updated and entries may be out-of-date at the time you view them.