Preparing
a will is very important because it ensures that your assets are
passed on according to your wishes. A will is a legal document
and you will need to consult a lawyer in drawing up or modifying
your will. Every state has specific procedures for wills and the
distribution of estates that must be followed or your will could
be deemed invalid. Without a will, or if your will is deemed invalid,
your property and life savings will be distributed according to
the laws of your state, without regard to your wishes.
Your
charitable bequest can be (i) a fixed dollar amount; (ii) specific
property, such as real estate (e.g., residences, farms, unimproved
land), stock or personal property; (iii) a percentage of your
total estate; or (iv) the residual of your estate after other
bequests are paid.
In
addition to a bequest in your will, you can also designate The
Wildcat Sanctuary as a beneficiary in your life insurance policy,
your retirement account (individual retirement accounts, pension
plans, 401(k) plans) and your bank or brokerage accounts (saving
accounts, certificates of deposit, money market accounts). |
Legal
Designation
Your
attorney may wish to use the following language when making a
bequest to The Wildcat Sanctuary:
"I
give, devise, and bequeath to The Wildcat Sanctuary, PO Box 314,
Sandstone MN 55072, the sum of: $________________ (or describe
the real or personal property or portion of the estate) to be
used for its general purposes."
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