Sample Bequest Language
The following examples can be tailored to your interests. Be sure to consult your attorney for assistance in making a bequest.
- Unrestricted Bequest
I give _____________ to THE BAPTIST BIBLE FELLOWSHIP MISSION OFFICE IN THE CITY OF SPRINGFIELD, MISSOURI for its general purposes.
- Restricted Bequest
I give ______________ to THE BAPTIST BIBLE FELLOWSHIP MISSION OFFICE IN THE CITY OF SPRINGFIELD, MISSOURI to provide…
If there is a particular area that you would like to support, please discuss your intentions with the BBFI Mission Office so that we can provide the appropriate language.
- Trust Fund
I give ______________ to THE BAPTIST BIBLE FELLOWSHIP MISSION OFFICE IN THE CITY OF SPRINGFIELD, MISSOURI to create a separate trust fund to be known as The ______________ Fund. The Directors shall make distributions from the fund each year, pursuant to the BBFI Mission Office then current spending policy, to support ________________ .
A bequest is deductible for federal estate-tax purposes, and there is no limit on the amount of the estate tax charitable deduction your estate can take. In addition, bequests generally are not subject to state inheritance or estate taxes. In a large estate, the savings can be more than half the value of the bequest.
To create a Trust Fund in your will, please contact Brian Garrison at 417.862.5001 or email@example.com to discuss wording. This will ensure the gift can be used as intended.
This article is not intended to be investment advice; because your tax situation may be unique, always consult your attorney, tax advisor or financial advisor about the plan best suited to meet your needs.