Make an Outright Bequests to AARF PA
Animal Aid and Rescue Foundation
The easiest and most direct way to make a charitable gift is by an outright bequest of cash in your will. Making an outright bequest requires only a short paragraph in your will that names the charitable beneficiary and states the amount of your gift. The outright bequest is especially appropriate when the amount of your gift is relatively small or when you want the funds to go to the charity without strings attached.
A bequest can be as simple as adding a sentence or including the following language in your will:
I give and bequeath the sum of $ ______________ dollars to Animal Aid and Rescue Foundation of Pennsylvania.
I hereby give, devise and bequeath to Animal Aid and Rescue Foundation of Pennsylvania, a nonprofit organization organized and operating under the laws of the Commonwealth of Pennsylvania, the sum of $ _______________ dollars (or percentage of your estate) to be used by Animal Aid and Rescue Foundation of Pennsylvania.
There are three types of bequests – specific, residual and contingent bequests.
Specific: allows you to designate a specific dollar amount, percentage or specific property to AARF PA.
Residual: allows you to designate AARF PA as a bequest only after your estate pays all debts, taxes expenses, and specific bequests. The remaining amount – the residual – will be transferred to AARF PA.
Contingent: allows you to ask that AARF PA receive all or a portion of your estate only under certain circumstances. For example, you can name AARF PA 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 AARF PA.
If you would like to support a specific program or initiative, please contact us. We are happy to discuss your wishes.
If you already have a will, your Attorney can easily add a sentence directing a bequest to the charity of your choice. The small cost involved in making such a change is far outweighed by the knowledge that you have left a legacy for a worthy cause.
If you do not have a will or are in the process of writing one, the inclusion of bequests to charities would not normally entail any additional legal costs.
In addition to leaving a lasting legacy, your charitable bequest will not be subject to Federal Estate Tax or Pennsylvania Inheritance Tax. Your attorney or tax consultant can provide you with information about the tax benefits of charitable bequests.
With minimal effort, you can leave a legacy through your will that will help animals and your community, as well as have positive tax results. Contact your attorney, describe what you want to do, and then do it!!! The satisfaction you gain will far exceed the effort.