Bequests, Life Insurance and Retirement Gifts.
Different Ways to Give.
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 the WPF.
Percentage Bequest
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 the WPF.
Residual Bequest
A residual bequest 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 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 the WPF.
Contingent Bequest
A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to the WPF.
How It Works.
Include a bequest to the Warrick Parks Foundation in your will or trust. Make your bequest unrestricted or direct it to a specific purpose. Indicate a specific amount or a percentage of the balance remaining in your estate or trust.
Benefits.
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Your assets remain in your control during your lifetime.
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You can modify your gift to address changing circumstances.
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You can direct your gift to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
Please make sure to let us know if we are included in your legacy planning, so we may say “Thank You” by reaching out to Laurel Meny at info@warrickparksfoundation.org.
Ready to Take the Next Step?
Please contact Laurel Meny at info@warrickparksfoundation.org.