Bequests Sample Clauses

Bequests. I will give the persons named below, if he or she survives me, the Property described below: Name: _____________________________________ Address: ___________________________________ Relationship: ________________________________ Property: ___________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ Name: _____________________________________ Address: ___________________________________ Relationship: ________________________________ Property: ___________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ Name: _____________________________________ Address: ___________________________________ Relationship: ________________________________ Property: ___________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ If a named beneficiary to this Will predeceases me, the bequest to such person shall lapse, and the property shall pass under the other provisions of this Will. If I do not possess or own any property listed above on the date of my death, the bequest of that property shall lapse. ALL REMAINING PROPERTY; RESIDUARY CLAUSE: I give, devise, and bequeath all of the rest, residue, and remainder of my estate, of whatever kind and character, and wherever located, to my _________________ [wife or husband], provided that my _________________ [wife or husband] survives me. I make no provision for my children, knowing that, as their parent, my _________________ [wife or husband] will continue to be mindful of their needs and requirements. If my _________________ [wife or husband] does not survive me, then I give, devise, and bequeath all of the rest, residue, and remainder of my estate, of whatever kind and character, and wherever located, to my children per share, but if any child predeceases me, then his or her share will pass, per share, to his or her lineal descendants, natural or adopted, if any, who survive me; but if there are none, I direct that the share of any child of mine who shall have died leaving no issue shall be divided among my surviving children in equal shares.

Bequests inheritances, and other transfers at death.

Bequests. Bequests received by the Foundation will be applied for the charitable purposes requested by the donor, if any are specified, so long as the Foundation determines, in the exercise of its reasonable discretion, that the gift’s purpose is viable. A gift whose purpose is not viable will go into the Foundation’s Fund for Monterey County and/or General Scholarship Fund. Donors and their advisors are encouraged to advise the Foundation of their intention to make such bequests to ensure that the donor's intent can be carried out through the Foundation's grantmaking activities and organizational capacity.

Bequests. Bequests naming the Community Foundation are one of the simplest ways you can provide for the future of your community and the charities you support. Gifts to the Community Foundation are completely exempt from estate taxes. And, your charitable vision is secure—for good and forever. Here are some common ways that bequests are created: or for the lifetime of the beneficiary. Once those obligations are concluded, the Community Foundation receives the remainder of the estate and begins making ▇▇▇▇▇ distributions in your name. many benefits it offers. Community Foun- dations are also interested in gifts of closely held stock. Quite frequently, much of an entrepreneur’s personal net worth is in the form of highly appreciated, closely held stock, which, if sold, would trigger a large capital gains tax. For philanthropi- cally-inclined business owners, making gifts of closely held stock to the Com- munity Foundation presents an extremely attractive option for both maximizing the size of their charitable contribution and for reducing their own personal income and potential estate taxes. Because closely held stock is not publicly traded, arriving at a valuation is a key part of the process. The Internal Revenue Service requires all gifts of privately held stock greater than $10,000 receive a A signed appraisal by a qualified third party is required to support a gift of real estate tax deduction. Donors are responsible for getting, and paying for, a fair appraisal. Donors should understand that if the Community Foundation sells the real estate within two years—which usually will be the case—a Form 8282 is filed with the IRS. If there is a significant discrepancy between the sale price on this form and the valuation claimed for tax purposes, the IRS may question the deduction. Further complications arise if mortgaged property is donated. The transaction is likely to be treated as a bargain sale if the property is encumbered. Under the bargain sale rules, a contribution of such property is treated as part-sale and part-gift, reducing the tax deduction. Please notify us of your real estate gift. We’d like to acknowledge your far thinking support in our Legacy Society.

Bequests. Interest proceeds from unrestricted endowments

Bequests. 1. Gifts through ▇▇▇▇▇ (bequests) shall be actively encouraged by the Church 2. Upon inquiry by a prospective donor, all representations as to the future acceptability of various properties to be left to the Church in a will or other deferred gifts shall be made in a accordance with the terms and provisions of Paragraph I(A-F} of this document. 3. Gifts of property that are not acceptable from estates shall be rejected by the Committee and that decision shall be communicated to the legal representative of the estate.

Bequests. I direct my executor pay the following amount from any remainder of my estate to the people or groups listed below. The following entities are not already guaranteed a portion of my estate, and the total must not exceed 33 percent (one third) of the remainder of my estate. 1. of the total remainder 2. ____ _ _ _ _ _ _ % of the total remainder 3. __ _ _ _ _ _ _ _ _ …...… % of the total remainder TOTAL BEQUESTS (must not be more than 33%) % of the total remainder

Bequests. Donations – Inheritances: i. Inheritances left to the Company may be accepted for the benefit of inventory. ii. Inheritances – Donations and legacies in favor of the Company, for which special conditions have been set by the testator or donor, are under special management within the budget, and the annuities that may come from them are available exclusively in accordance with the conditions set by the testator or the donor.

Bequests. If, after the Closing, the Company or any Company Subsidiary receives a bequest, charitable donation or other charitable or similar gift or contribution (whether in the form of cash, check, securities or other investments, real estate or otherwise (each, a "Donation")) from any Person made or intended to be made for the benefit of Stockholder, the Company or Company Subsidiary (as the case may be) shall promptly (a) remit such Donation to Stockholder or (b) return such Donation to such Person and notify such Person of the appropriate address to send Donations to Stockholder.