Remembering Westie Rescue in your Will or Trust
One way for you to support Westie Rescue's mission is to leave us a bequest. A bequest is a gift made to charity in your will or trust. One significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your life. Another benefit is that by making a bequest you are able to leave a lasting legacy.
TYPES OF BEQUESTS
There are a number of ways you can make a bequest to Westie Rescue. You can leave what is called a specific bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Westie Rescue. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Westie Rescue.
Another kind of bequest is called a residual bequest. A residual bequest is a bequest that is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving of a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Westie Rescue.
BEQUEST BENEFITS
There are no limitations on bequest gifts. Bequests may be made for a general or specific purpose. All bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes resulting in a larger inheritance for your heirs.
BEQUEST LANGUAGE
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Westie Rescue in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Outright Bequest
If you are considering making an outright bequest to Westie Rescue, we recommend the following language:
BEQUEST OF A SPECIFIC DOLLAR AMOUNT
I hereby, give, devise and bequeath $DOLLARS to Westie Rescue, a non-profit organization located at PO Box 282, Dunn Loring, VA, 22027, Federal Tax ID #86-1935078, for Westie Rescue's general use and purpose.
BEQUEST OF SPECIFIC PERSONAL PROPERTY
I hereby, give, devise and bequeath DESCRIPTION OF PROPERTY to Westie Rescue, a non-profit organization located at PO Box 282, Dunn Loring, VA, 22027, Federal Tax ID #86-1935078, for Westie Rescue's general use and purposes.
BEQUEST OF WESTIES (PERSONAL PROPERTY)
I hereby, give, devise and bequeath DESCRIPTION OF MY WESTIE(s) to Westie Rescue, a non-profit organization located at PO Box 282, Dunn Loring, VA, 22027, Federal Tax ID #86-1935078, for Westie Rescue's support and rehoming. I hereby provide $xxx or % of my estate, to support this action on my behalf and any balance shall be used to help other Westies that need Vet medical services as Westie Rescue sees fit.
BEQUEST OF SPECIFIC REAL ESTATE
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Westie Rescue, a non-profit organization located at PO Box 282, Dunn Loring, VA, 22027, Federal Tax ID #86-1935078, for Westie Rescue's general use and purposes.
BEQUEST OF All REAL ESTATE
I hereby give, devise and bequeath all of the right, title and interest in and to all the real estate I own located at the following ADDRESS(ES) OR DESCRIPTION OF PROPERTY:
A. Description/Address
B. Description/Address
C. Description/Address
to Westie Rescue, a non-profit organization located at PO Box 282, Dunn Loring, VA, 22027, Federal Tax ID #86-1935078, for Westie Rescue's general use and purposes.
CONTACT US
Please contact us if you have any questions about how to make a bequest to Westie Rescue or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.
Westie Rescue
PO Box 282
Dunn Loring, VA 22027