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A Gift in Your Will: Getting Started
- Simplicity. Just a few sentences in your will or trust are all that is needed. The following is suggested bequest language your attorney may use in preparation of your will:
I/we, the undersigned, give (a percent or a dollar amount) of my/our estate to:
Tulsa Library Trust
400 Civic Center
Tulsa, OK 74103-3830
Phone: 918-549-7363
Tax I.D. #51-0165881
- 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.
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, Tulsa Library Trust receives your gift.
Charitable Bequest
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Create a will or trust leaving part of your estate to family and part to Tulsa Library Trust.
Your Will or Trust
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Your Family
3
Your death
Tulsa Library Trust
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.
| Download a free guide about making your first will. |
We Can Help
Contact Larry Bartley at 918-549-7363 or lbartle@tulsalibrary.org with any questions about naming Tulsa Library Trust in your will or living trust. We're happy to help, without obligation.
Your Next Steps
Getting Started | Is This Gift Right for You? | Case Study | How to Complete Your Gift | Action Items
Getting Started | Is This Gift Right for You? | Case Study | How to Complete Your Gift | Action Items
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.
