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A Gift in Your Will: Getting Started

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We hope you'll consider including a gift to Marshall B. Ketchum University in your will or living trust. Called a charitable bequest, this type of gift offers these main benefits:

  • Simplicity. Just a few sentences in your will or trust are all that is needed. The official bequest language for Marshall B. Ketchum University is:

    A specific bequest is a bequest of a specific item or dollar amount. Sample wording you can use to make a specific bequest to Marshall B. Ketchum University:
    "I give, devise, and bequeath to Marshall B. Ketchum University, located in Fullerton, California, a nonprofit organization as described in section 501(c)(3) of the Internal Revenue Code, $__________________."

    A percentage bequest is a bequest of a certain percentage of your estate or of another asset. Sample wording you can use to make a percentage bequest to Marshall B. Ketchum University:
    "I give, devise and bequeath to Marshall B. Ketchum University, located in Fullerton, California, a nonprofit organization as described in section 501(c)(3) of the Internal Revenue Code, _______ percent of my estate."

    A residual bequest is a bequest of all or a portion of the remainder or residue of the estate after specific and other bequests have been distributed.
    Sample wording you can use to make a residual bequest to Marshall B. Ketchum University:
    "All the residue of my estate, including real and personal property, I give, devise and bequeath to Marshall B. Ketchum University, located in Fullerton, California, a nonprofit organization as described in section 501(c)(3) of the Internal Revenue Code. My Executor shall, at the request of Marshall B. Ketchum University, liquidate and sell any real estate or tangible personal property which is part of the residue of my estate before making distribution."

    Sample wording you can use to restrict your gift to a particular program:
    "This is a restricted gift to be used for _________________. If at any time at the discretion of the Board of Trustees, this bequest cannot be used for said purpose, the Chairman of the Board of Trustees for Marshall B. Ketchum University shall have the authority to designate its use for another purpose that closely resembles the donor's original intention."


  • Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
  • Versatility. You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.
  • Tax Relief. If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift's full value.

Question MarkWe understand.
Your circumstances may change and you can change your gift at any time.

How It Works
To make a charitable bequest, you need a current will or revocable living trust.

Your gift can be made as a percentage of your estate. Or you can make a specific bequest by giving a certain amount of cash, securities or property. After your lifetime, Marshall B. Ketchum University receives your gift.


Charitable Bequest
1
Create a will or trust leaving part of your estate to family and part to Marshall B. Ketchum University.
Your Will or Trust
2
Family
Your Family
3
Your death
Marshall B. Ketchum University
Putting Your Family First
When planning a future gift, it's sometimes difficult to determine what size donation will make sense. Emergencies happen, and you need to make sure your family is financially taken care of first. Including a bequest of a percentage of your estate ensures that your gift will remain proportionate no matter how your estate's value fluctuates over the years.

eBrochures
Download a free guide about making your first will.

We Can Help
Contact Erika Bernal at (714) 992-7832 or ebernal@ketchum.edu with any questions about naming Marshall B. Ketchum University in your will or living trust. We're happy to help, without obligation.







Copyright © The Stelter Company, All rights reserved.

The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.


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