Bequest Language for Estate Planning

Specific Bequest: St. Christopher's is named to receive a certain amount of cash or property from a donor's estate.
"I hereby give, devise and bequeath to St. Christopher's School Foundation, Richmond, Virginia, the sum of $______ (or a specific piece of property) to be used for unrestricted endowment."
A Percentage of the Estate: St. Christopher's is named as recipient of a percentage of the donor's estate.
"I hereby give, devise and bequeath to St. Christopher's School Foundation, Richmond, Virginia, ______% of my estate to be used for unrestricted endowment."
A Testamentary Trust: Giving lifetime benefits to another person or persons, with the understanding that the remaining funds will ultimately come to St. Christopher's.
A Residual Bequest: Whatever property remains in one's estate after specific bequests have been fulfilled is known as the residue and may be left to St. Christopher's.
"I hereby give, devise and bequeath to St. Christopher's School Foundation, Richmond, Virginia, all the rest, remainder and residue of my estate, including all real and personal property, to be used for unrestricted endowment."
Contingent Bequest. St. Christopher's will be a beneficiary only if the primary beneficiaries do not survive the donor.
"If any of the above-named beneficiaries should predecease me, I hereby give, devise and bequeath his or her share of my estate to St. Christopher's School Foundation, Richmond, Virginia, to be used for unrestricted endowment."
A QUALIFIED ATTORNEY SHOULD DRAFT ALL BEQUEST WORDING. THIS IS AN ILLUSTRATION ONLY AND SHOULD NOT BE CONSTRUED AS LEGAL ADVICE.
Back
© 2015 St. Christopher’s School. All Rights Reserved.