A Residual Bequest is used to designate gifts of the amount in your estate that remains after the payment of taxes, debts, and specific gifts, such as the General Bequest discussed elsewhere.
Everyone should have an estate plan. Whether you have a simple will or a complex plan that includes several Trusts, the right plan will ensure that your wishes are carried out after your death. If you do not make decisions about how your assets will be distributed then the State will make the decision for you. We encourage you to consult with an attorney to determine the best estate plan for your needs.
A Residual Bequest is used to designate gifts of the amount in your estate that remains after the payment of taxes, debts, and specific gifts, such as the General Bequest discussed elsewhere. The following language can be used to make a residual gift to The Greyhound Health Initiative in your Will or your Trust:
I give, devise, and bequeath ____% of the rest, residue, and remainder of my property, real, personal, or mixed; after all personal bequests have been made to The Greyhound Health Initiative A Not-For-Profit Corporation, located at 1 Raleigh Road, Marshfield, MA 02050, and registered with the Massachusetts Secretary of State Department of Corporations. This gift is unrestricted and may be used for the benefit of the Corporation as its Board of Directors may determine.
Unrestricted gifts, those earmarked for general purposes such as those illustrated above, allow us to use the funds where they are most needed at the time of your gift. If you wish to designate a specific use or project for your gift, we’ll be happy to talk with you further about how we can do the best to carry out those wishes.
Many charitably-minded people have asked us how to give a future gift in their Will or Trust; and by using a general bequest, you can easily provide for your family – and still include The Greyhound Health Initiative in your plans.