Where there’s a Will, There’s a Way
Leaving a Legacy for Amherst ABC
Your concern for the future of Amherst ABC is a reflection of your commitment to the world you hope your loved ones will inherit. When you next review your financial and estate plan with your professional advisor, we hope that you will consider making Amherst ABC a beneficiary in your will.
Bequests. In your will you can make a gift of a specific dollar amount or a gift of a percentage the remainder to make Amherst ABC a beneficiary of your estate after taking care of your loved ones.
Qualified Retirement Plans. Naming Amherst ABC a beneficiary of your retirement account makes sense if you want to avoid having your heirs pay both estate and income taxes on your unused IRA savings. Simply request a change of beneficiary form from your plan administrator and show Amherst ABC as the only or a percentage beneficiary.
Life Insurance Policies. Many of us have life insurance policies provided by our employers. An easy way to leave a legacy is to name Amherst ABC as the only or a percentage beneficiary.
Using the Right Words
If you have decided to include Amherst ABC in your will or beneficiary designation, you will want to use the following language to name us:
“I give the sum of ($_____) to The Amherst Committee for A Better Chance, Amherst, MA, for its unrestricted use and purposes.”
“I give (_____ %) of my residuary estate to The Amherst Committee for A Better Chance, Amherst, MA, for its unrestricted use and purposes.”
Benefits to you:
The legacy gifts described here offer you several benefits:
- You can take care of your loved ones and leave a lasting legacy to Amherst ABC.
- No immediate donation is required.
- There is no minimum, every gift makes a difference.
- Gifts to Amherst ABC in your will are not subject to estate tax.
- They can be made as a set dollar amount or a percentage of your estate.
- It is simple to amend an existing will by adding a codicil, or to change your retirement beneficiary by completing and submitting a “Change of Beneficiary” form provided by your retirement plan administrator.