As you discuss your estate plans with your family, lawyer, or other advisors, it may be helpful to share with them the following:
Specific bequests allows you to designate a percentage of your estate, a dollar amount, or specified assets as a bequest to ________________________. After providing for your family and loved ones, a bequest to ________________________ ensures that the Jewish values you cherish are transmitted to future generations.
I give, devise and bequeath ________________________ [state a % or $ amount, or specific property or other asset] to ________________________.
Residual bequests allow you to designate the remaining residue of your estate as a bequest to ________________________, after the payment of all expenses and specific bequests to other beneficiaries have been made.
I give, devise and bequeath to ________________________ [or state a percentage] of the rest and residue of my estate to be used for its general purposes [or for a particular program or purpose].
Contingent bequests allows you to make a bequest to ________________________ only in the event of unforeseen circumstances, such as the prior death of one or more of your named beneficiaries. For example, you can name ________________________ as a beneficiary only if no other close family members survive you.
If ________________________ predeceases me, I give, devise and bequeath [the specified property or their intended share of my estate] to ________________________ to be used for its general purposes [or for a particular program or purpose].
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
Copyright © 2020 Jewish Federation of Palm Beach County. All rights reserved.