Will You Leave a Legacy of Love for Puget Sound Cats & Kittens?
Making a planned gift to Purrfect Pals is a wonderful way to ensure that your love and compassion for animals continues to benefit them for many years to come. Including our organization in your estate planning allows you to make a profound and lasting impact on the future of our life-saving programs. It also ensures that your generous spirit will continue to help Purrfect Pals rescue countless cats and kittens in need now and into the future.
When naming Purrfect Pals in your will, you may leave a specific dollar amount, a set percentage of your estate, or a particular property. You can also name Purrfect Pals as the beneficiary of your retirement plan, life insurance policy, bank account, mutual fund, charitable remainder trust, or charitable lead trust. Each of these options may help you reduce your estate taxes.
Your estate is the sum of your assets, including property you own, insurance policies, retirement accounts, cash on hand, etc. Wealthy people may have very large estates, but even people who aren’t wealthy often have the resources to make a charitable bequest.
Below, we have listed some of the more common kinds of bequests, and some bequest language. We always recommend that you carefully review the terms of your will with a professional trained in handling trusts and estates.
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 the cause of your choice.
General bequest language:
“I give, devise, and bequeath to Purrfect Pals in Arlington, WA (Tax ID# 94-3127448), the sum of $________(or a description of the specific asset), for the benefit of Purrfect Pals and its general purposes.”
Specific Bequests are made when a particular item or property is bequeathed for a designated purpose. (i.e., The Tipper Fund, used by Purrfect Pals to pay for medical treatment above and beyond routine care).
Specific bequest language:
“I give, devise, and bequeath to Purrfect Pals in Arlington, WA (Tax ID# 94-3127448), the sum of $_______ (or a description of a specific asset), for the benefit of Purrfect Pals to be used for the following purpose: (state the purpose). If at any time in the judgment of the trustees of Purrfect Pals it is impossible or impracticable to carry out exactly the designated purpose, they shall determine an alternative purpose closest to the designated purpose.”
Residuary Bequests are made when you intend to leave the residue portion of your assets after other terms of the will have been satisfied.
Residuary bequest language:
“All the rest, residue, and remainder of my estate, both real and personal, I give to Purrfect Pals in Arlington, WA (Tax ID# 94-3127448), for its general purposes.”
Contingency Bequests allow you to leave a portion of your estate to a particular charity if your named beneficiary does not survive you.
Contingency bequest language:
“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 Purrfect Pals in Arlington, WA (Tax ID# 94-3127448), for its general purposes.”
If your gift involves land, stock or other property, please include a description.
If you have life insurance, an IRA, or a 401(K) plan, it’s even simpler to leave a gift to Purrfect Pals. Just ask your insurance agent, IRA administrator, or 401(K) administrator for a beneficiary form and name Purrfect Pals as the beneficiary. Be sure to include our address, 230 McRae Rd NE, Arlington, WA 98223, and our tax ID number, 94-3127448.
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 a 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 your financial analyst or attorney, or planned giving officer at the organization you intend to support. These professionals will help sensitively guide you through the process.
Questions? Please Contact us at 360-926-8447 or firstname.lastname@example.org. Thank you!