General Bequests are legacies left to certain people or causes that come from the general value of the estate, and are made by designating a specific dollar amount, a particular asset, or fixed percentage of your estate to the cause of your choice.
General bequest language:
“I give, devise, and bequeath the sum of $_______ (or a description of the specific asset, or a fixed percentage of my estate) to PlayWrite, Inc., a charitable organization located in Portland Oregon (Tax ID No. 20-0414784).”
Residuary Bequests are made when you intend to leave the residue portion of your assets after other terms of the will have been satisfied.
Residuary bequest language:
“All the rest, residue, and remainder of my estate, both real and personal, I give to PlayWrite, Inc., for its general purposes.”
Contingency Bequests allow you to leave a portion of your estate to a particular charity if your named beneficiary does not survive you.
Contingency bequest language:
“I devise and bequeath the residue of the property, real and personal and wherever situated, owned by me at death, to (name beneficiary), if (she/he) survives me. If (name of beneficiary) does not survive me, I devise and bequeath my residuary estate to PlayWrite, Inc., for its general purposes.”
There are numerous other avenues of planned giving. Please consult with your independent financial, tax, or legal adviser for specific help with your particular situation, as PlayWrite does not provide financial, tax, or legal advice.
Here is our information to include in your estate planning:
P.O. Box 13420
Portland, OR 97213
Tax ID No. 20-0414784