Gifts
by Will
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Leaving
a Legacy
Many
donors would like to make a gift to Gospel for
Asia, but must
take into account special considerations. The
most common concern is that a cash gift now will
leave them short of future income. For these donors,
a bequest is often the most realistic option for
making a significant contribution while maintaining
financial security for their future.
The
most common types of bequests are:
- Specific
bequest, in which Gospel for Asia would
receive a specified dollar amount or stated
fraction of the estate.
- Residual
bequest, in which Gospel for Asia would
receive all or a percentage of the remainder
of a donor's estate after other specific bequests,
debts, taxes and expenses have been paid.
- Contingent
bequest, in which Gospel for Asia would
receive all or a share of the estate only in
the event of the prior death of other named
beneficiaries.
- Trust
remainder bequest, in which named beneficiaries
receive income from a trust established in the
will. Upon the death of the surviving beneficiaries,
all or part of the principal will be gifted
to Gospel for Asia.
How do I Make a Bequest?
If you are considering a major change in your current
will, or if you are considering making a will, a
bequest to Gospel for Asia is a simple inclusion.
Please contact a PhilanthroCorp Estate Specialist
for details, call 800-876-7958 ext 2127
(click
here)
Importance
of Estate Planning
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Information
on this site is NOT intended for legal advice.
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