It's a simple step that accomplishes a lot. Through your will, you can reflect on the important role that Teresa House has played in our community. You can also help ensure quality Comfort Care in Livingston County for those with irreversible illnesses. A bequest provides you with the flexibility to commit to future support with no impact on current income. Bequests can be structured to fit individual, family and financial needs.
General bequest: A general bequest is one of the most popular ways to make a charitable gift through your will. With this bequest, you simply leave a specific dollar amount to an organization.
Example: I give $10,000 to the Teresa House to be used for its exempt purposes.
Residuary bequest: A residuary bequest is used to give an organization all (or a portion) of an estate after debts, taxes, expenses and other bequests have been paid.
Example: I give the rest of the property I own at my death to the Teresa House to be used for its exempt purposes.
Percentage bequest: A bequest can be expressed as a percentage of the estate or of the residuary estate. This is the most flexible way to give. The size of the gift automatically changes with the size of the estate.
Example: I give 10% of my estate to the Teresa House to be used for its exempt purposes.
For advice and assistance in specific cases,
the advice of an attorney should be obtained