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How to Complete Your Gift
An easy way to include a gift in your will or trust is to state the specific dollar amount you'd like Boston University to receive. Another option is to designate that we receive a certain percentage of the residue of your estate.
You will feel secure knowing that your assets are always there for you should you need them. Most important, it can help fund your desire to be part of our future success. Your gift of cash can be completed in four steps.
1. Determine how much you would like to give. You can choose a certain dollar amount or you can leave a percentage of the residue of your estate, so that your gift remains proportionate to other bequests.
2. Decide how you would like your cash gift used. Do you have a particular program in mind that you would like to fund with your gift? Will your gift be unrestricted, enabling us to use your gift for our most pressing needs? If you choose to specify the ultimate purpose of your gift, please let us know so we can ensure that your intentions can be fulfilled.
You can make a cash gift in your will or trust in honor or in memory of someone special. Please contact Kristina DiGirolamo at 617-353-2255 or kdigirol@bu.edu to learn more.
3. Meet with your estate planning attorney.
Discuss your possible tax and other benefits with your attorney to ensure that this bequest meets your goals. An estate planning attorney can prepare your will or trust if you do not have one, or prepare a codicil to your will or an amendment to an existing trust. The official bequest language for Boston University is: ""I give and devise (_____________), without reduction for any tax occasioned by my death, to Trustees of Boston University, a Massachusetts non-profit corporation having a principal place of business in Boston, Massachusetts, to be used or disposed of as the University (or School/College) in its sole discretion deems appropriate."
During your lifetime, you can change any of the provisions in your will or trust. The will or trust, along with any changes, should be prepared by a qualified estate planning attorney in your state. Each state has unique rules for proper execution of these documents.
4. Let us know of your plans. Please contact Kristina DiGirolamo at 617-353-2255 or kdigirol@bu.edu to let us know when you have made plans for your gift in your will or trust. We would love the opportunity to thank you for your generous act. We are happy to honor your wishes regarding anonymity.
If you have any questions about these steps, please contact Kristina DiGirolamo at 617-353-2255 or kdigirol@bu.edu.
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.
