Planned Giving Via Will Or Trust
Types of Gifts through a Will or Living Trust
Through your will or living trust, you can ensure that some or all of your assets will come to Harley’s Dream. These are several types of bequests:
- A specific bequest is a specified dollar amount, or specific asset, designated in your will or living trust as a gift to Harley’s Dream.
- A residuary bequest designates that a specific percentage of your estate, or all, is transferred to Harley’s Dream after payment of all other distributions, including debts, taxes, expenses and other bequests, have been made.
- A contingent bequest specifies that your estate, or a portion of it, passes to Harley’s Dream only if your other named beneficiary(ies) predeceases you.
Sample Bequest Language
To make certain that your charitable intentions are carried out, all wills, living trusts and their codicils or amendments should be prepared by or with the advice of your attorney. You can share with your attorney the following sample language that can be included in your will or living trust and tailored to address your specific wishes:
I give HARLEY’S DREAM, Federal I.D. No. #81-4432191,
321 Mountain Avenue, Berthoud, CO 80513,
(____(asset)_____), the sum of $________), (all or ___% of the residue of my estate),
to be used for its general purposes.