Bequest


A bequest included as a provision in your will is the simplest ways to distribute your estate. Your will can also be an excellent vehicle through which to make a charitable gift to Haggai International. Haggai International can be named as a beneficiary through a will or in a codicil to your will. A codicil is a supplemental amendment to your will that does not require you to have your entire will redrafted.

Sample Bequest Language

The following are types and examples of bequests:

Residuary Estate: A residuary bequest is used to give a portion of the estate property after all debts, taxes, expenses, and all other specific bequests have been paid.

Example: I give the rest, residue, and remainder of my estate (or a stated percentage of my estate) to Haggai International, a nonprofit corporation qualified under Section 501(c)(3) of the Internal Revenue Code and having its principal offices in Norcross, Georgia, to be used for such exempt purposes as its Board of Trustees may determine.

Specific Bequest: A specific bequest is another way to make a charitable gift by will. With this bequest, you simply specify a dollar amount or a specific item of property.

Example: I give (dollar amount or specific asset) to Haggai International, a nonprofit corporation qualified under Section 501(c)(3) of the Internal Revenue Code and having its principal offices in Norcross, Georgia, to be used for such exempt purposes as its Board of Trustees may determine.

Contingent Bequest: When writing a will, it is important to include provisions for the distribution of your property in the event that a beneficiary dies prior to your death or a beneficiary disclaims the property. In anticipation of such an event, Haggai International may be named as the alternate or contingent beneficiary.

Example:
If (name of beneficiary) predeceases me or disclaims any interest in (describe property), I give such property to Haggai International, a nonprofit corporation qualified under Section 501(c)(3) of the Internal Revenue Code and having its principal offices in Norcross, Georgia, to be used for such exempt purposes as its Board of Trustees may determine.

As a 501(c)(3) organization, a gift to Haggai International is fully tax deductible.

Next Steps

If you have questions or to advise us of your desire to transfer mutual fund shares, closely held or restricted stock, or to create a planned gift using securities, please contact:

Daniel K. Wiseman, CFRE
Director of Advancement for Planned Giving Haggai International
4725 Peachtree Corners Circle
Suite #200
Peachtree Corners, Georgia 30092-2553
Office: (770) 810 – 1388
E-mail: DanW@Haggai-International.org

DISCLAIMER: The information contained on this page is for educational purposes only. The reader understands that Haggai International is not rendering legal advice and that the reader should seek independent legal counsel when contemplating estate planning decisions.

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