What is a Charitable Bequest?

A charitable bequest is simply a distribution from your estate to a charitable organization through your last will and testament or trust.   There are different kinds of bequests.  For each, you must use very specific language to indicate the precise direction of your assets and to successfully carry out your final wishes.

In any charitable bequest, it is important to name the recipient accurately or your bequest may go to a charity you did not intend.

If you want your charity to use your gift is a certain way, you must also specify the purpose of your bequest. 

You do not need to be wealthy to make a charitable bequest.  A small gift is of value to all charitable organizations.

Call the Law Offices of Debra G. Simms at 386.256.4882 to learn more.

This blog post is not case-specific and is provided only for educational purposes and is not intended to provide specific legal advice. Blog topics may or may not be updated and entries may be out-of-date at the time you view them.

CONSIDER CHARITABLE CHOICES IN YOUR ESTATE PLANNING

As part of your estate planning, you might want to consider making a gift to one or more of your favorite charities in your Will or Trust.  This is what is known as “Planned Giving”.

Depending on the type of gift you choose, you may potentially reap benefits from your philanthropy that have very practical and desirable outcomes, such as the following:

  • Ability to leave a legacy
  • Income tax benefits
  • A life income for you or your spouse
  • Reduce or eliminate capital gains taxes
  • Personal Satisfaction

Whatever your objective, an estate planning attorney can help you choose the right tool to provide the most benefits for you, your family, and your charity.

Questions? The Law Office of Debra Simms is here to help. Call us today 386.256.4882

This blog post is not case-specific and is provided only for educational purposes and is not intended to provide specific legal advice. Blog topics may or may not be updated and entries may be out-of-date at the time you view them.

Contact Us

Port Orange Office:
Prestige Executive Center
823 Dunlawton Ave. Unit C
Port Orange, FL 32129
Local: 386.256.4882
Toll Free: 877.447.4667
New Smyrna Beach Office:
629 N. Dixie HWY
New Smyrna Beach, FL 32168
Local: 386.256.4882
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