Bequest

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

SAMPLE BEQUEST LANGUAGE

In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to MPFS in your estate plan. We have provided some basic bequest language to assist you and your attorney.