Naming MPFS as a beneficiary in your will or trust is easy. The amount left to MPFS can be expressed as a dollar amount or as a percentage of the assets to be given. Contact your retirement plan administrator, insurance agent, investment fund custodian, or bank for a change-of-beneficiary form. Then make your desired changes and return your completed form.
BENEFITS OF A BEQUEST
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy to charity
HOW A BEQUEST WORKS
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends, or MPFS as part of your estate plan, or you can make a bequest using a beneficiary designation form.
HERE ARE SOME OF THE WAYS TO LEAVE A BEQUEST TO MPFS
- Include a bequest to MPFS in your will or revocable trust
- Designate MPFS as a full, partial, or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
- Name MPFS as a beneficiary of your life insurance policy
A BEQUEST MAY BE MADE IN SEVERAL WAYS
- Percentage bequest - make a gift of a percentage of your estate
- Specific bequest - make a gift of a specific dollar amount or a specific asset
- Residual bequest - make a gift from the balance or residue of your estate