Including a bequest to Sisters of Notre Dame de Namur in your will can ensure your support in the years to come.
There are several ways to include a bequest to Sisters of Notre Dame de Namur in your will. Be sure to consult your attorney in determining the best fit for your particular circumstances. Here are some ways to make a gift by will:
Outright Gifts — A gift made by bequest can be an outright gift of a percentage of your estate, a specific sum of money, a specific piece of personal property or it can be a share of such property. See the sample language on the previous page.
Residual Gift — What is left in your estate after all outright, specific and other similar gifts have been made is called the residuary estate. You may direct in your will that this residuary estate pass to Sisters of Notre Dame de Namur.
Contingent Beneficiary — You may consider naming Sisters of Notre Dame de Namur as the contingent beneficiary of your will. This means that the Sisters would benefit only if the beneficiaries named in the will are not living upon your passing. This prevents your estate from passing to distant, and possibly unknown, relatives or to the state.
Gifts in Trust — You may establish one or more trusts in your will that benefit loved ones as well as the Sisters. It is essential to consult an experienced attorney to comply with complex Federal regulations and qualify for the allowable estate and income tax charitable deductions.
Codicil — If a gift to Sisters of Notre Dame de Namur is not yet included in your will, you can do so through execution of a codicil (amendment) to your will. Your attorney should be consulted to draw up the codicil. This is often relatively simple and inexpensive.