Bequests

An outright gift can also be made by a bequest in a will. A bequest can be in any of the following forms. The Seattle Foundation can provide sample language in each instance.

A general bequest leaves a certain dollar amount.

A residual bequest leaves all or a portion of what remains from an estate after debts, taxes, expenses and other bequests have been paid.

A contingent bequest leaves assets only under certain conditions -- if a spouse or other beneficiary does not survive, for example.

The donor’s estate is entitled to an estate tax deduction for the full value of a bequest.

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