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Testamentary Life-Income Gifts

Gift of Appreciated Securities Diagram

How It Works

  • You write a will or revocable trust directing a bequest to William & Mary.
  • You provide that the bequest first create a life-income gift benefiting your designated recipients.
  • After their income interest terminates, the remaining balance in the gift passes to William & Mary to be applied to the purposes you specify.

Benefits

  • One estate asset can benefit both William & Mary and your heirs or other desired beneficiaries.
  • Your estate will be eligible to claim a charitable deduction for a portion of the amount of your bequest.
  • You can modify your bequest if your circumstances change.

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