Wills, Trusts, and Annuities

Bequests

Sample language

  • Specific Bequest: I give, devise and bequeath _______________ (insert dollar amount or item of property to be donated) to the American Heart Association, Inc., or its successor organization, a nonprofit corporation as described in section 170 (c) of the Internal Revenue Code with national headquarters located at 7272 Greenville Avenue, Dallas, Texas 75231, to be used for fighting heart disease and stroke.
  • Residuary Bequest: I give, devise and bequeath _______________ (insert % amount) of all the rest, residue and remainder of my estate to the American Heart Association, Inc., or its successor organization, a nonprofit corporation as described in section 170 (c) of the Internal Revenue Code, with national headquarters located at 7272 Greenville Avenue, Dallas, Texas 75231, to be used for fighting heart disease and stroke.
  • Restricted Gift (Specific or Residuary) Bequest: I give, devise and bequeath _______________ (insert dollar amount, item of property or % of residue) to the American Heart Association, Inc., or its successor organization, a nonprofit corporation as described in section 170 (c) of the Internal Revenue Code, with national headquarters located at 7272 Greenville Avenue, Dallas, Texas 75231, to be used exclusively [insert restricted use language here - such as in the State of XYZ, for research, for children's programs, ect.].
  • Contingency Gift: Takes effect only if a primary intention can’t be met.
    If (name of beneficiary) does not survive me, or shall die during the administration of my estate, or as a result of a common disaster, then I give to the American Heart Association, Inc., or its successor organization, , a non-profit corporation as described in section 170(c) of the Internal Revenue Code, with national headquarters located at 7272 Greenville Avenue , , all of the rest, residue, and remainder of my estate, to be used for its benefit.
  • Safety Language: Language added whenever a gift is restricted
    In the event the purposes of the restriction, in the opinion of the Board of Directors of can no longer be served, the Board may devote any remaining assets exclusively for charitable purposes that: (a) are within the scope of the charitable purposes of charity (b) most nearly approximate the original purpose of the gift; and (c) benefits charity.




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