Wills, Trusts and Beneficiary Designations

Wills, Trusts, and Beneficiary Designations

Every adult should consider having a carefully planned Will, which often forms the basis of your estate plan. A valid Will is a legally binding document, written in accordance with the laws of your state. The attorney you hire to help prepare your Will should be licensed in the state in which you reside.

A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can designate a bequest for a general or specific purpose so you have peace of mind knowing that your gift will be used as intended.

Bequests

The following are two common ways to remember us in your Will or Trust that you might discuss with your legal and financial counsel.

1. A Percentage Bequest

I hereby give, devise and bequeath [percent %] to the National Council of the United States, Society of St. Vincent de Paul Inc, Federal Tax ID #13-5562362, a nonprofit organization located at 66 Progress Parkway, Maryland Heights, MO 63043-3706, for the organization’s general use and purpose.

2. A Specific Dollar Amount Bequest

I hereby give, devise and bequeath [$ dollar amount] to the National Council of the United States, Society of St. Vincent de Paul Inc, Federal Tax ID #13-5562362, a nonprofit organization located at 66 Progress Parkway, Maryland Heights, MO 63043-3706, for the organization’s general use and purpose.

You can also work with your retirement plan administrator, insurance company, bank or financial institution to name us a beneficiary of bank accounts, IRAs, Life insurance policies or commercial annuities.