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Sample language for your will
The following language may help you and your attorney when drawing up a bequest that meets your needs.
General bequest
If you intend to leave an outright gift of cash, securities or other property by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to Habitat for Humanity to be used for general purposes:
"After taking care of all expenses, debts and other provisions, I give, devise and bequeath ___ percent of the rest and residue [or $___ if a specific amount] to Habitat for Humanity of Chester County, a Pennsylvania-based charitable organization [Tax ID# 23-2549743] currently with administrative offices at 1853 East Lincoln Highway Coatesville, PA 19320."
Specific bequest
If you intend to make an outright bequest for a specific purpose, such as to support advocacy or disaster response:
“I, [name], of [city, state, ZIP], give, devise and bequeath to Habitat for Humanity of Chester County [written amount or percentage of the estate or description of property] for its charitable purposes, including but not limited to ___________ use and purpose.”
Contingency bequest
If you wish to make a contingency gift so that Habitat for Humanity will receive a portion of your estate if your named beneficiary does not survive you:
“If any of the beneficiaries named in this will should die before becoming entitled to receive their distributive share of my estate, I direct my trustee to pay or transfer the share to which such beneficiary would otherwise be entitled to Habitat for Humanity of Chester County for its unrestricted use and purpose.”
Please contact us at christy@hfhcc.org or 610-384-7993 ext 119. if you have any questions.
Then, consult with your tax advisor and lawyer to determine which planned gift strategy is best for you.
I'm here to help!
For more information on Planned Giving, contact Christy Kane at christy@hfhcc.org or 610-384-7993 ext 119.
We advise you to consult with your tax advisor and lawyer to determine which planned gift strategy is best for you. If you need help navigating your finance options, we recommend the following brokerage firm:
Cetera Investment Services LLC Attn: Account Transfer Department
400 1st Street South Suite 300
St. Cloud, MN 56301
320-656-4300, x64682
The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, it is expressly recommended that you consult an attorney, financial advisor or other qualified professional.
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