Why leave Beauvoir a gift in your will?
Isn't it the greatest of gifts, one that will live on for years after you?
It's a common misconception that only wealthy people leave money to charity when they die. Bequests in wills are not just for the rich and famous.
The reality is that most bequests are made by ordinary, hardworking people who want to make a positive difference to their community after they're gone.
Including a charity such as Beauvoir the Jefferson Davis Home and Presidential Library in your will is a way to bring dignity, meaning and purpose to a life well lived. It is an opportunity to help insure the continuation of persevering southern history for future generations. You, and your values and beliefs will live on in the memories of those you support.
A bequest in your will can contribute to the future sustainability of Beauvoir the Jefferson Davis Home and Presidential Library, ensuring the institutions and ideas you value continue in the future, for your friends and family and generations to come.
Another reason for leaving a bequest might be because you want to improve the community you leave behind with your resources. Your bequest could be the seed for that change.
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Beauvoir in your estate plan.
Types of Bequests
Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property, or a gift for a specific dollar amount.
Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to Beauvoir.
Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you leave a specific property to a relative, but the relative in not alive at the time of your death, the property will go to Beauvoir.
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Beauvoir flexibility should it no longer be possible for Beauvoir to use your gift as you originally intended.
If, in the judgment of the Board of Directors of Beauvoir the Jefferson Davis Home and Presidential Library, it shall become impossible for Beauvoir to use this bequest to accomplish the specific purposes of this bequest, Beauvoir may use the income and principal of this gift for such purpose or purposes as the Board determines is the most closely related to the restricted purpose of the bequest.
Please contact us if you have any questions about how to make a bequest to Beauvoir or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to Beauvoir.