Having a Will or Trust is a very important part of life and obviously death. By making a gift through your estate to Forgotten Paws Dog Rescue, you can improve the health of homeless animals giving them a chance at live. You will achieve your financial goals at the same time. A bequest to the Forgotten Paws Dog Rescue often decreases your estate's tax bill.
A bequest is made through your will, usually with the consultation of an attorney. How it works:
Leave your legacy by making a gift in your will or living trust to a charitable organization. A bequest is one of the simplest ways to remember those you care about most
- You direct a charitable gift to the Rescuel through your Will or living trust.
- Your estate will distribute the gifts and any other charitable or non-charitable bequests.
Benefits:
- You can modify your bequest if circumstances change.
- You can specify what you want the gift used for.
- There is no upper limit on the estate tax deductions you can take for charitable bequests.
- Your bequest will support the Reecue Facility in the way you intended. We realize that with your special gift, you consider us to be part of your family, and we want to do our best to keep you informed as to how your gift will be used and to give you the opportunity to tell us of your wishes.
How to include Forgotten Paws in my will...
The legal name to be used when making gifts to Forgotten Paws via wills, trusts, and other gift-transfer documents is:
“Forgotten Paws Dog Rescue, Inc, a Georgia not-for-profit corporation, with its principal place of business at Acworth, Georgia.”
"I give, devise, and bequeath to Forgotten Paws Dog Rescue the sum of _______ (or otherwise describe the gift or specify a percentage of the estate). "
- The sum of $________________ [amount] AND/OR
- The following described property: ________________ [description] AND/OR
- ________% [percent] of the residue of my estate.”
Your bequest may be unrestricted — to be used at the discretion of the Director or board for the groups highest priorities — or you may designate your bequest to support a specific program, such as microchipping or spay/neuter. You may make your gift in your own name, or you may memorialize a loved one with your contribution.
If you prefer to remain anonymous, your gift will be kept completely confidential. But at the same time, recognition of your gift can encourage others to do the same. Whatever the case, we will honor your wishes, because we appreciate your support immensely.
Various Bequest Options
Here are several generally accepted ways to make a bequest. You might discuss them with your attorney as you prepare to update your will.
Specific Bequest
This is a gift of a specific item to a specific beneficiary. YOu beguest yoru car to your cousin. It is specific property. If that specific property has been disposed of before death, the bequest fails and no claim can be made to any other property. In other words, your cousin wouldn't receive the value of the car instead.)
General Bequest
This is usually a gift of a stated sum of money. It will not fail, even if there is not sufficient cash to meet the bequest. For example, "I give $50,000 to my daughter, Mary." If there is only $2,500 liquid cash in the estate, other estate assets must be sold to meet the bequest.
Contingent Bequest
You can ask that Forgotten Paws receive all or a portion of your estate only under certain circumstances. For example, you can name Forgotten Paws as a beneficiary of your estate only if there are no surviving close family members. Childless couples sometimes provide for the entire estate to go to the surviving spouse, or if the spouse does not survive, to Forgotten Paws.
Unrestricted Bequest
This is a gift for our general purposes, to be used at the discretion of our governing board. A gift like this—without conditions attached—is frequently the most useful, as it allows us to determine the wisest and most pressing need for the funds at the time of receipt.
Restricted Bequest
This type of gift allows you to specify how the funds are to be used. Perhaps you have a special purpose or project in mind. If so, it's best to consult us when you make your will to be certain your intent can be carried out.
Honory or Memorial Bequest
This is a gift given "in honor of" or "in memory of" someone. We are pleased to honor your request and have many ways to grant appropriate recognition.
Endowment Bequest
This bequest allows you to restrict the principal of your gift, requiring us to hold the funds permanently and use only the investment income they generate, or other similar formula. Creating an endowment in this manner means that your gift can continue giving indefinitely.
How to contact Forgotten Paws Dog Rescue regarding estate information…
If you are administering an estate or trust and need more information, please click her for contact information.
Forgotten Paws' federal tax I.D. number is 51-0597882
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