Also, such bequests may provide the additional benefit of being fully deductible for federal estate tax purposes. Y ou may make the following types of bequests to the University. A specific bequest designates a specific dollar amount or specific asset, such as a particular parcel of real estate or valued personal property. A percentage bequest designates a certain percentage of the estate, which insures that the gift will automatically adjust to any increase or decrease in the future value of your estate. A residuary bequest is a gift of the remaining assets in the estate after taxes, debts, and expenses, as well as monetary and specific bequests are satisfied.
C lick here to download some sample bequest language.
A bequest qualifies you for membership in the Heritage Society .