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You can make a bequest by including language in your will that names WOU as the beneficiary of your entire estate, or you can designate that a specific dollar amount, a particular asset, or a fixed percentage of your estate goes to WOU.
You can bequeath all or a percentage of your residuary estate to WOU after you have provided for all other beneficiaries with specific bequests.
You can name WOU as a contingent beneficiary by stipulating that WOU receive all or a portion of your estate if your named beneficiaries do not survive you.
You can make WOU the remainder beneficiary of a trust that you establish in your will. This trust could provide income to one or more beneficiaries during their respective lives. WOU would then receive the principal of the trust at the death of the last surviving beneficiary.
Good Tax News:
If you are considering a bequest to WOU, meeting with your attorney to draft or update your will is the first step. During this process, please call our office to discuss whether the language you have used achieves your bequest goals.
Because the needs of the college vary over time, we request that the gifting language in your will state any specific purpose for your gift as a preference, with the final determination left to the discretion of the trustees of the college.
For sample bequest language, click here.
This guide is not intended to provide specific advice about your estate plan or to recommend a specific course of action. We suggest you consult your professional advisers before taking any action, then contact WOU's planned giving office to learn more about these giving strategies.
WOU Foundation 503-838-8281 | or e-mail: email@example.com
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