Bequests From Your Will or Trust
Bequests can be made of the property and assets you own by naming Children’s Cancer Research Fund in your will or trust. You can leave a specific dollar amount, a percentage of your estate, or specific assets.
You maintain flexibility and control of the gift asset while you are living and can change your plans at any time. Your heirs avoid paying income and estate taxes on assets designated to Children’s Cancer Research Fund.
Here is suggested language for including a bequest to Children’s Cancer Research Fund in your will or trust:
- Specific Bequest: “I give, bequeath or devise to Children’s Cancer Research Fund, a Minnesota nonprofit organization, Tax ID # 41-1893645 (sum, percentage or estate, or property)
- Residuary Bequest: “I give, bequeath, or devise the sum of (all, or state fraction or percentage) of the rest, residue, or remainder of the estate, both real and personal, to Children’s Cancer Research Fund, a Minnesota nonprofit organization; Tax ID # 41-1893645, to be used for its charitable purposes.”
- Contingent Bequest: “In the event _______________ predeceases me, I then give, bequeath, or devise (sum, percentage of estate, or property) to Children’s Cancer Research Fund, a Minnesota nonprofit organization; Tax ID # 41-1893645, to be used for its charitable purposes.”
If you have already completed your will, consider adding a codicil to your will that leaves a percentage the residual of your estate to Children’s Cancer Research Fund. You can also easily name Children’s Cancer Research Fund as the beneficiary of an asset that passes by beneficiary designation such as a retirement plan or life insurance policy.
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