|
Including RMH in Your Estate Plan |
The Ronald McDonald House of San Francisco highly recommends that any person interested in legally including the House in their estate plans to discuss their interest with their lawyer. It is very crucial that you clearly describe your wishes to your lawyer so that no mistakes are made when the time for interpretation arises.
The Ronald McDonald House of San Francisco would love to hear from you once you have named the House in your will or living trust. We would like the opportunity to thank you for your generosity. When drafting your will please have your lawyer include the following language.
The official legal bequest language for an unrestricted bequest to the Ronald McDonald House of San Francisco is: "I, [name], of [city, state, ZIP], give, devise and bequeath to Ronald McDonald House of San Francisco, 1640 Scott Street, San Francisco, CA 94115, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
If you wish to have your gift to remain anonymous we will gladly respect your decision. Your gift will be kept completely confidential. However, we encourage you to make your donation public as your gift has the power to inspire others to do the same. Whatever your decision is, we will honor your wishes. If you have any questions or concerns about your bequest please contact the Ronald McDonald House of San Francisco at Tel. 415.673.0891.
Bequest Options
Below are eight types of bequests which can be discussed with your attorney when you update your will.
The following types of bequests to individual heirs or charitable organizations typically define the amount of the bequest.
- Specific bequest. This is a gift of a specific item to a specific beneficiary.
- General bequest. This is usually a gift of a stated sum of money.
- Contingent bequest. This is a bequest made on condition that a certain event must occur before distribution to the beneficiary.
- Residuary bequest. This is a gift of all the "rest, residue and remainder" of your estate after all other bequests, debts and taxes have been paid. The additional bequest types below are optional considerations that would be attached to one of the above four bequests, when a gift is made to charity.
- Unrestricted bequest. This bequest type allows for the beneficiary to use the gift for general purpose and at the discretion of the governing board. A gift without conditions is very useful for our organization as it allows us to use the money where it is most needed.
- Restricted bequest. This type of gift restricts the use for the beneficiary. For example, you may have a special project in mind for your gift.
- Honorary or memorial bequest. This is a gift given "in honor of" or "in memory of" someone.
- Endowed bequest. This gift requiring us to hold the funds permanently and use only the investment income they generate, or other similar formula. Creating an endowment ensures that your gift keeps on giving throughout the years.
|
