Does your will or trust need updating? 

Creating a will and estate plan is a good first step in protecting the people closest to you and the assets you've worked so hard to accumulate. But even the best will can become obsolete over time.

Consider the many life events that can impact a will and other arrangements:

• Moving to another state

• Changes in the value of your assets

• A change in marital status

• Birth of a grandchild

• A change in the real estate you own

• New tax laws

• Changes in your charitable goals

 

In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Bettie Brand Mothers' Empowerment Fund, Inc. in your estate plan. We have provided some basic bequest language to assist you and your attorney.

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This language is for the illustration of various forms of bequests only. Always consult your professional advisor when making or revising your will.

Residuary bequest:

"Residue" is a term to describe the portion of your estate that remains after all debts, expenses and specific bequests to others have first been fulfilled.

All the rest, residue and remainder of my estate for federal tax purposes I give to Bettie Brand Mothers' Empowerment Fund, Inc., located in Atlanta, Georgia, Tax ID 47-4464015, for its general purposes. 

Specific bequest:

I give to Bettie Brand Mothers' Empowerment Fund, Inc., located in Atlanta, Georgia, Tax ID 47-4464015, the sum of $_____________, for its general purposes.

 

Already have a will? You can amend it with a codicil. 

If you need to update your will, there is no substitute for using a qualified attorney with estate planning experience in your state. A knowledgeable attorney can make sure that your revisions are properly recorded, which can reduce expenses and help heirs receive their inheritances sooner.

Disclaimer:

Please have your will or codicil drafted by an attorney who is familiar with the estate laws of the state where you live. We are not engaged in legal or tax advisory service.

 

The purpose of the information on this website is to provide general gift, estate, and financial planning information. Please watch for tax revisions. State laws govern wills, trusts, and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts.

 

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