For more information, click here to download our free brochure: Three Simple Ways to Leave Your Legacy.
Planned Giving - Bequests
Simple and meaningful.
Bequests are gifts that are made as part of a will or trust. A bequest can be to a person, or it can be a charitable bequest to a nonprofit organization, like Volunteers of America, Utah. Anyone can make a bequest—in any amount—to an individual or charity. Bequests can be simple—“I give $1,000 to my grandson”—or complex, with conditions about how the gifts can be used.
Charitable bequests are flexible and easy to update. You can write one into a will with a short paragraph, and if circumstances change you can revoke it just as easily in a subsequent will or codicil. Estate planning professionals often counsel their clients to have an annual or bi-annual estate plan “check-up” to ensure that the most recent version of the client’s will reflects their wishes.
To leave your legacy with Volunteers of America, Utah in the form a a bequest, speak with your estate-planning attorney.
Here's a tip!
Before meeting with your attorney, identify your goals. Do you want to provide for certain family members and leave a charitable legacy? Be remembered a specific way in your community? Then, itemize your assets. Make a list of everything you own. Think about what type of property ownership applies. (Community property, joint tenants, trust property, etc.) By taking these steps you will save time and money!
This information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.