You can establish a lasting legacy for our community at any age by making ACRS a part of your estate plans. A bequest to ACRS in your will brings tax savings since your estate is entitled to an estate tax charitable deduction for the full value of the bequest.
Donors can also leave an unrestricted or restricted bequest of cash or property to ACRS. An unrestricted bequest allows ACRS to use it where the need is greatest. A restricted bequest designates its use for a particular program.
Tailoring Bequests to Your needs and Goals
Your bequest may take any of several forms. Here are some examples, with appropriate wording:
- A general bequest is for a certain dollar amount of property, usually cash: “I give to ACRS of Seattle, Washington, or any successor organization thereto, the sum of $….”
- Specific bequest directs ACRS to receive a specific piece of property: “I give…500 shares of XYZ stock….”
- Residual bequest designates all or a portion of whatever remains after all debts, taxes, expenses and other bequests have been paid: “I give…fifty percent (50%) of the rest, residue and remainder of my estate….”
- Contingent bequest takes effect only under certain conditions: “In the event my spouse does not survive me, I give…the sum of….”
We also encourage all individuals interested in naming ACRS in their wills to consult an attorney. For more information, please call (206) 774-2404 or email email@example.com.