Bequests to Wild At Heart Horse Rescue
Gifts made as part of a will or trust are known as bequests, and they are one of the most popular ways to support causes that are important to you. Bequests can be in any amount and can be to an individual or to an organization like Wild at Heart Horse Rescue.
How Do I Make a Bequest to Wild at Heart Horse Rescue?
Bequests can be general, which means they’re taken from the estate’s general assets. They can be a specific item or amount. Charitable giving is often done as a residual gift, which means a percentage of the amount left after debts and expenses are paid and other bequests are made.
If you’d like to make a bequest to the Wild at Heart Horse Rescue, you can name the rescue as a direct beneficiary of certain assets such as cash, certificates of deposit, jewelry or art. You can also name Wild at Heart Horse Rescue as the beneficiary of a percentage of your assets or a lump sum, such as designating half your assets to your family or friends or half to Wild at Heart Horse Rescue.
Here's an example of how a bequest can be worded in your will:
“I give, devise and bequeath to Wild at Heart Horse Rescue, 6854 West Avenue H, Lancaster, CA 93536, a non-profit charitable organization
the sum of $_______
or ________% of my estate.
All the rest, remainder and residue of my estate, after all debts, taxes, expenses and other bequests have been satisfied.”
What to do if you want to bequeath specific items to Wild at Heart Horse Rescue
In your bequest, you can specify what item or items you want to bequeath to Wild at Heart Horse Rescue as well as the source and amount. For example:
“I leave my jewelry to my daughter Jane. I leave my securities to Wild at Heart Horse Rescue.”
If you have bank accounts, real estate or other assets worth more than $100,000, it’s usually better to have a living trust.
Probate costs such as attorney fees, court fees and executor fees can be so substantial that there’s not much left for your heirs or designated charities. A living trust is a way to help eliminate these costs.
When you set up a living trust, you’ll have an appointed trustee who will distribute your estate based on your instructions. Use the same language described above to show Wild at Heart Horse Rescue as the beneficiary of your revocable living trust.
Why Consider Making a Bequest to Wild at Heart Horse Rescue
Making a bequest to Wild at Heart Horse Rescue is a way to leave a lasting legacy. It may also help to relieve the tax burden on your family.
Wild at Heart Horse Rescue is a nonprofit organization that runs totally on donations. By recognizing our organization in your will or trust, you can be sure that surrendered horses will receive the care they need for many years to come.
