How to include Big Cat Rescue in my Will...
Bequests in your Will
Many people who give to charity choose to leave something behind to their favorite cause when they pass away. Not only does this create a fitting legacy, it also passes on some excellent tax advantages to your estate.
Making a Will is the only way you can be sure that your wishes will be followed after you die. If you don’t make one, part or all of your estate may go to people who you never intended to benefit. Not only that, Inheritance taxes and attorney fees could take a substantial part of what you leave behind. (Up to 60%)
Providing a stated bequest to Big Cat Rescue – listing us as a beneficiary in your will - is probably the simplest method and provides a charitable tax deduction.
Please consider the following opportunities of bequests…
Specific Bequest
A “specific bequest” is one whereby the Will provides Big Cat Rescue with a specific sum of money or specific percentage of money, a specific item of property (such as land or personal property), or a defined type of property such as stocks or collections.
Example Specific Bequest Will language:
“I hereby bequeath to Big Cat Rescue Corp., 12802 Easy Street, Tampa, FL 33625, the sum of $_____ (and/or the following described property_____).”
Residual or Remainder Bequest
Residual Bequest is the will providing all that remains after payment of debts of the estate (such as administrative and or funeral expenses) is provided to Big Cat Rescue.
Example Residual Bequest Will language:
“I hereby bequeath all (or ____ percent) of my residuary estate to Big Cat Rescue Corp., 12802 Easy Street, Tampa, FL 33625.”
Contingent Bequest
A Contingent Bequest can ensure that if circumstances make it impossible to carry out your original Will requests – such as when you survive your spouse or other heirs – your assets will then be passed to Big Cat Rescue rather than to unintended beneficiaries. Childless couples often provide for the entire estate to go to the surviving spouse; if the spouse does not survive you, Big Cat Rescue becomes the primary beneficiary.
Example Contingent Bequest Will language:
“I bequeath to my brother John Doe the sum of $_____ and, in the event he shall predecease me, I direct this sum to be paid to Big Cat Rescue Corp., 12802 Easy Street, Tampa, FL 33625.”
 |
| Buy Big Cat Hat, Shirt or Tee |
A gift by bequest offers a practical way to provide substantial support to Big Cat Rescue is not subject to federal or state estate or inheritance taxes, and there is no limit on the allowable deduction.
When you are a planned gift donor, Big Cat Rescue will honor you with membership in the Legacy Society. We realize that with your special gift, you consider us to be part of your family, and we want to do our best to keep you informed as to how your gift will be used and to give you the opportunity to tell us of your wishes.
Your accountant or attorney can provide additional information on gift opportunities and which method would be the most beneficial for you and your family. This information is general in nature and does not constitute legal or financial advice, and should not be relied upon as a substitute for professional advice.
|