Bequests and Wills
Drafting a will is a very difficult and personal decision for an individual or couple. Making certain that your will contains provisions for you, your family, and your personal interests must be done thoroughly and thoughtfully. Our Foundation hopes you'll consider including a gift to The Foundation for Terrebonne General Health System in your will or living trust.
Called a charitable bequest, this type of gift offers these main benefits:
- Simplicity: Just a few sentences in your will or trust are all that is needed. You may contact the Foundation office to get the proper verbiage for your will.
- Flexibility: Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
- Versatility: You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us. Emergencies happen, and you need to make sure your family is financially taken care of first. Including a bequest of a percentage of your estate ensures that your gift will remain proportionate no matter how your estate's value fluctuates over the years.
- Tax Relief: If you estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift's full value.
How It Works
To make a charitable bequest, you need a current will or revocable living trust. Your gift can be made as a percentage of your estate or you can make a specific bequest by giving a certain amount of cash, securities, or property. After your lifetime, the Foundation receives your gift.