 |
 |
 |
 |
A bequest is a gift of any amount or property made to the Stony Brook Foundation in a donor's will (or sometime's a trust). The following is recommended language that may be used to make a gift to the Stony Brook Foundation through your will:
"I give to the Stony Brook Foundation, Inc., Stony Brook, NY 11790, (percentage of residue, sum, or description of property), the principal and income of which shall be used for (you may describe a specific purpose for the use of your bequest)." Bequests may be made in the following ways:
• Specific Bequest. Stipulates an amount, a percentage, or a particular stock or other asset.
• Residuary Bequest. States that all or a portion of your estate be given after specific amounts are distributed to other beneficiaries.
• Contingent Bequest. Directs that your assets be distributed if your primary heirs do not survive you.
Copyright © The Stelter Company, All rights reserved.
The information on this site is not intended as legal, tax or investment advice.
For such advice, please consult an attorney, tax professional or investment professional.
