A charitable bequest is simply a distribution from your estate to Global Soccer Ministries International through your last will and testament. There are different kinds of bequests. For each, you must use very specific language to indicate the precise direction of your assets, and to successfully carry out your final wishes. In any charitable bequest, be sure to name the recipient accurately – Global Soccer Ministries International.
Below, are listed some of the more common kinds of bequests, and some bequest language. Global Soccer Ministries Internationalal ways recommend that you carefully review the terms of your will with a professional trained in handling trusts and estates, your financial analyst or attorney, or planned giving officer at Global Soccer Ministries International.
General bequest language:
General Bequests are legacies left to certain people or causes that come from the general value of the estate, and are made by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to Global Soccer Ministries International.
“I give, devise, and bequeath to Global Soccer Ministries International, the sum of $________(or a description of the specific asset), for the benefit of Global Soccer Ministries International and its general purposes.”
Specific bequest language:
Specific Bequests are made when a particular item or property is bequeathed for a designated purpose.
“I give, devise, and bequeath to Global Soccer Ministries International, the sum of $_______ (or a description of a specific asset), for the benefit of Global Soccer Ministries International to be used for the following purpose: (state the purpose). If at any time in the judgment of the trustees of Global Soccer Ministries International it is impossible or impracticable to carry out exactly the designated purpose, they shall determine an alternative purpose closest to the designated purpose.”
Residuary bequest language:
Residuary Bequests are made when you intend to leave the residue portion of your assets after other terms of the will have been satisfied.
“All the rest, residue, and remainder of my estate, both real and personal, I give to Global Soccer Ministries International, for its general purposes.”
Contingency bequest language:
Contingency Bequests allow you to leave a portion of your estate toGlobal Soccer Ministries International if your named beneficiary does not survive you.
“I devise and bequeath the residue of the property, real and personal and wherever situated, owned by me at my death, to (name of beneficiary), if (she/he) survives me. If (name of beneficiary) does not survive me, I devise and bequeath my residuary estate to Global Soccer Ministries International, for its general purposes.”
Without a will, there is no mechanism in place to make a bequest, so here are the steps you should take to make sure your wishes are granted.
– Make sure Global Soccer Ministries International is on the list of organizations or causes that you would like to support.
– Make a detailed list of your assets (financial, real estate, vehicles, jewelry, collectibles, musical instruments, etc.)
– Set up an appointment with a professional trained in handling trusts and estates, your financial analyst or attorney, or planned giving officer at Global Soccer Ministries International. These professionals will help sensitively guide you through the process.
If you wish to give a charitable bequest to Global Soccer Ministries International, and provide a gift that can provide a lasting legacy for a cause that you believe in, then please call your trained professional in trusts and estates, your financial analyst or attorney today. You can also fill out the contact form below or call our planned giving officer at Global Soccer Ministries International advisor.