Marist School's Bequest Language
An excellent way for you to help advance the mission of Marist School is to leave a bequest in your will, living trust, or with a codicil. By including Marist in your estate plans, you leave a lasting legacy and support future generations of Marist students.
There are a number of ways to make a bequest to Marist School.
In order to make a bequest to Marist, please speak with your attorney. Your attorney can help include a bequest to Marist School in your estate plan. We have provided some basic bequest language below to assist you with your planning.
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please contact Marist's Advancement Office. We would be happy to work with you and your attorney to help you identify ways to give in a way that meets your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Marist School flexibility should it no longer be possible for Marist School to use your gift as you originally intended:
Please contact us if you have any questions about how to make a bequest to Marist School or to request any additional information that might be helpful as you organize your estate plans.
If you have included a bequest for Marist School in your estate plan, please contact us to let us know. We look forward to thanking you for your generosity and welcoming you to the Heritage Circle, Marist School's planned giving society.
Types of Bequests
There are a number of ways to make a bequest to Marist School.
Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, a specific bequest could be to leave your home or $10,000 to Marist School.
Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Marist School.
Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Marist School.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to Marist School.
Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Marist School.
Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Marist School.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to Marist School.
Bequest Benefits
A bequest is generally a revocable gift, which means it can be changed or modified at any time.
You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended.
Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
Bequest Language
In order to make a bequest to Marist, please speak with your attorney. Your attorney can help include a bequest to Marist School in your estate plan. We have provided some basic bequest language below to assist you with your planning.
1. Specific Bequest
If you are considering making an outright bequest to Marist School, we recommend the following language:
If you are considering making a bequest of a percentage of your estate to Marist School, we recommend the following language:
If you are considering making an outright bequest to Marist School, we recommend the following language:
Bequest of a Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Marist School, a nonprofit organization located at 3790 Ashford Dunwoody Road, NE, Atlanta, GA, 30319, Federal Tax ID #____________, for Marist School's general use and purpose.
Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Marist School, a nonprofit organization located at 3790 Ashford Dunwoody Road, NE, Atlanta, GA, 30319, Federal Tax ID #_______________, for Marist School's general use and purpose.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Marist School, a nonprofit organization located at 3790 Ashford Dunwoody Road, NE, Atlanta, GA, 30319, Federal Tax ID #_______________, for Marist School's general use and purpose.
2. Percentage BequestI hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Marist School, a nonprofit organization located at 3790 Ashford Dunwoody Road, NE, Atlanta, GA, 30319, Federal Tax ID #____________, for Marist School's general use and purpose.
Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Marist School, a nonprofit organization located at 3790 Ashford Dunwoody Road, NE, Atlanta, GA, 30319, Federal Tax ID #_______________, for Marist School's general use and purpose.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Marist School, a nonprofit organization located at 3790 Ashford Dunwoody Road, NE, Atlanta, GA, 30319, Federal Tax ID #_______________, for Marist School's general use and purpose.
If you are considering making a bequest of a percentage of your estate to Marist School, we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Marist School, a nonprofit organization located at 3790 Ashford Dunwoody Road, NE, Atlanta, GA, 30319, Federal Tax ID #______________________, for Marist School's general use and purpose.
3. Residual Bequest
I hereby give, devise and bequeath to Marist School, a nonprofit organization located at 3790 Ashford Dunwoody Road, NE, Atlanta, GA, 30319, Federal Tax ID # _________, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Marist School's general use and purpose.
4. Contingent Bequest
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Marist School, a nonprofit organization located at 3790 Ashford Dunwoody Road, NE, Atlanta, GA, 30319, Federal Tax ID # _________, DESCRIPTION OF PROPERTY to be used for Marist School's general use and purpose.
Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please contact Marist's Advancement Office. We would be happy to work with you and your attorney to help you identify ways to give in a way that meets your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Marist School flexibility should it no longer be possible for Marist School to use your gift as you originally intended:
If, in the judgment of the Board of Trustees of Marist School, it shall become impossible for Marist School to use this bequest to accomplish the specific purposes of this bequest, Marist School may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
Contact Us
Please contact us if you have any questions about how to make a bequest to Marist School or to request any additional information that might be helpful as you organize your estate plans.
If you have included a bequest for Marist School in your estate plan, please contact us to let us know. We look forward to thanking you for your generosity and welcoming you to the Heritage Circle, Marist School's planned giving society.
3790 Ashford Dunwoody Road, NE