Bequests

Gifts through your will may be one of the simplest ways to distribute your estate. After providing for the needs of loved ones, you may choose one of several ways to benefit charitable organizations. By having your attorney revise your will, you can make a gift of a dollar amount, a specific property, a percentage of your estate, or what is left after you have provided for your loved ones. ETBU considers it a great honor to be included in any donor’s will at whatever level the donor deems appropriate. While a testamentary gift does not provide current income tax deductions, it may help to reduce estate taxes.

If you have established a revocable living trust, you can provide that at its termination, a portion of the assets in the trust be used for charitable purposes you direct. Much like a charitable bequest through a will, such a gift does qualify for a charitable estate tax deduction.

After providing for the needs of loved ones, you may choose one of several ways to benefit charitable organizations.

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