1
A bequest is an excellent way to make a final gift to Brown.
2
A provision in your will allows for a larger gift to Brown than is possible in your lifetime.
3
It also can serve as a capstone to a lifetime of giving.
4
A bequest can be written in your will as a specific dollar amount or as a percentage of the “residue of the estate.”
5
Gifts after death can also take the form of trusts, gifts from insurance policies, or gifts of retirement benefits.
6
Two kinds of taxes on retirement benefits: Estate Tax and Income Tax
7
These taxes can add up to 80% or more of the money if given to family members.
8
Give a percentage (e.g. 5%).
9
Create a named fund in support of a specific program.
10
Endow your current giving.
11
Consult your attorney to determine the best fit for your estate plan.
