Tag Archives: bequest
Bequeathing Non-Cash Assets to a Charity in Your Estate Plan
Many people choose to leave money to charities in their estate plan as a way to support their favorite organizations or causes. Doing so also can decrease their potential estate tax liability. However, making gifts to charities under your estate plan does not have to mean giving them cash. There are other types of assets […]
What are Beneficiaries and Devises in Estate Planning?
A bequest is an estate planning term referring to personal property distributed through a will. It does not include gifts of real property (such as a home or a farm or empty lot). Nevertheless, sometime people use the work “bequest” to refer to all gifts made by wills. The better word for that is “devise.” […]