Will or Living Trust
A bequest is a terrific way to leave a legacy gift and can be as simple as adding a codicil to your will or an amendment to your living trust. You may use the following suggested language as you write your will or you may consider adding the language to your existing will as an amendment/codicil:
"I give and bequeath the Denver Public Library Friends Foundation, tax identification number 84-6036979, located in Denver, Colorado $_________" (or state a percentage of your estate, or describe real or personal property, including exact location) for its general purposes_______________ (or state a specific collection or function within the Library)."
A simple bequest may be for a stated percentage or amount of your estate. Residuary bequests are for the "rest, residue and remainder" of your estate after other bequests, debts and taxes have been paid. Contingent bequests are made on the condition that certain events occur before the bequest is paid. Specific bequests of property give a particular item or asset such as savings bonds.
If you intend to make a planned gift or have any questions, please contact Laurie Romer at 720-865-2050 so we can provide more information.
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