Fewer than 50 percent of US Citizens have a last will and testament, and of those who do have a will, only about 8 percent include a charitable bequest as an element of their plans.
You can make a difference in your community for years to come by simply remembering the Community Foundation of Morgan County, Inc. in your will.
Ways to Designate a Charitable Gift in Your Will
||Language to be Used
|A specific dollar amount
||I leave [legal name of charity] $1,000.
|A specific class of property
||I leave [legal name of charity] all of my common stocks.
|A specific asset
||I leave [legal name of charity] my home.
|A percentage of the total estate
||I give [legal name of charity] property equal to 10-percent of my gross estate.
|A percentage of the residue
||After distribution of the specific items (to other beneficiaries), I leave [legal name of charity 1], [legal name of charity 2], and [legal name of charity 3] equal amounts of the residue of my estate.
|All of the remainder
||I give [legal name of charity] all of the property remaining after paying debts, expenses, and all specific bequests.
|A contingent bequest
||In the event that my wife does not survive me, I give the property set aside for my wife to [legal name of charity].
|A formula distribution
||I leave [legal name of charity] an amount equal to 10 times the size of my average annual gift made to [legal name of charity] over the last three years of my life.
For more information or help in formatting your will, please contact your legal advisor.