Bequest: How to include the American Red Cross in your will
Many of our supporters make charitable gifts by naming the Red Cross as
a beneficiary in their wills. The federal government encourages these
gifts or bequests, by allowing an unlimited estate tax charitable
deduction.
To make a bequest to the Red Cross, the following language will be helpful to your lawyer:
Cornhusker Chapter
I give, devise, and bequeath to the American Red Cross for the benefit
of the Cornhusker Chapter the sum of _______ (or otherwise describe the
gift or specify a percentage of the estate).
Three Ways to Make a Bequest:
- Specific Bequest
You designate a specific dollar amount, specific percentage, or specific property to the American Red Cross.
- Residual Bequest
Your estate will pay all debts, taxes, expenses, and specific bequests.
The remaining amount will be transferred to the American Red
Cross.
- Contingent Bequest
You can ask that the American Red Cross receive all or a portion of
your estate only under certain circumstances. For example, you can name
the Red Cross as a beneficiary of your estate only if there are no
surviving close family members. Childless couples sometimes provide for
the entire estate to go to the surviving spouse, or if the spouse does
not survive, to the Red Cross.
When you are a planned gift donor, the Red Cross will honor you with membership in the Legacy Society. If you have already made a plan to give to the Red Cross in your will
or estate plan, please call Jim Brown at (402) 343-7776 or email him at brownjam@usa.redcross.org.We realize that with your special gift, you consider us to be part of
your family, and we want to do our best to keep you informed as to how
your gift will be used and to give you the opportunity to tell us of
your wishes.
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