Gifts Through Your Estate
For many of us, making a gift through our estate is the most realistic way to provide a substantial contribution to NORCAL Golden Retriever Rescue. At the same time, a carefully planned estate gift can reduce or eliminate federal estate taxes, depending upon the size of your estate. Although you will want to consult with your attorney when making or revising your will, the following are suggestions for making various types of bequests:
- Specific Bequest:
NORCAL Golden Retriever Rescue receives a stated percentage of the estate, a specific dollar amount, or a specific piece of property. For example, "I bequeath 25% of my estate to NORCAL Golden Retriever Rescue, a non-profit charitable organization incorporated under the laws of the State of California, located at 405 El Camino Real, Suite 420, Menlo Park, CA 94025 to be used as its board of directors deems appropriate." This is one of the most popular forms of bequests.
- Residual Bequest:
NORCAL Golden Retriever Rescue receives all or a stated percentage of an estate after distribution of specific bequests and payment of debts, taxes, and expenses. For example, "I bequeath 100% of the remainder of my estate to NORCAL Golden Retriever Rescue, a non-profit charitable organization incorporated under the laws of the State of California, located at 405 El Camino Real, Suite 420, Menlo Park, CA 94025 to be used as its board of directors deems appropriate."
- Contingency Bequest:
NORCAL Golden Retriever Rescue receives part or all of the estate under certain specified circumstances. For example, "If my spouse does not survive me, I bequeath 50% of the remainder of my estate to NORCAL Golden Retriever Rescue, a non-profit charitable organization incorporated under the laws of
the State of California, located at 405 El Camino Real, Suite 420, Menlo Park, CA 94025 to be used as its board of directors deems appropriate."
- Trust Established Under a Will:
A variety of trusts may be established that provide for both NORCAL Golden Retriever Rescue and other beneficiaries. Your estate-planning advisor can provide you with additional information that will best meet your individual needs.
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