Wills and Bequests

A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Envision that will make a lasting impact.

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Benefits of a Bequest

    • Receive an estate tax charitable deduction
    • Reduce the burden of taxes on your family
    • Leave a lasting legacy to charity

How a Bequest Works

A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Envision as part of your estate plan, or you can make a bequest using a beneficiary designation form.

Here are Some of the Ways to Leave a Bequest to Envision

    • Include a bequest to Envision in your will or revocable trust
    • Designate Envision as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
    • Name Envision as a beneficiary of your life insurance policy

A Bequest may be Made in Several Ways

    • Percentage bequest – make a gift of a percentage of your estate
    • Specific bequest – make a gift of a specific dollar amount or a specific asset
    • Residual bequest – make a gift from the balance or residue of your estate

Bequest of a Sum Sample Language:
I give the sum of (insert dollar amount) to THE RESIDENT HOME CORPORATION (DBA “ENVISION”), a not-for-profit corporation organized under the laws of the State of Ohio, now having its principal place of business at 3030 West Fork Road. The tax identification number of Envision is 31-6050398.

Residuary Bequest Sample Language:
All of the rest, residue and remainder of my property, both real and personal and wheresoever situate, I give, devise and bequeath to the THE RESIDENT HOME CORPORATION (DBA “ENVISION”), a not-for-profit corporation organized under the laws of the State of Ohio, now having its principal place of business at 3030 West Fork Road. The tax identification number of Envision is 31-6050398.

Percentage Bequest Sample Language:
I give all of the rest, residue and remainder of my estate, both real and personal, and wherever situated, which I may own or may be entitled to at the time of my death, all of which property shall be known as my “Residuary Estate”, as follow: ( percent) to THE RESIDENT HOME CORPORATION (DBA “ENVISION”), a not-for-profit corporation organized under the laws of the State of Ohio, now having its principal place of business at 3030 West Fork Road. The tax identification number of Envision is 31-6050398.

Restricted Bequest Sample Language:
I give the sum of (insert dollar amount) to THE RESIDENT HOME CORPORATION (DBA “ENVISION”), a not-for-profit corporation organized under the laws of the State of Ohio, now having its principal place of business at 3030 West Fork Road, to be used for (name of specific project desired). The tax identification number of Envision is 31-6050398.

Additional Information

The method used to make a bequest to Envision will depend on the kind of gift you choose to leave.

Bequests of real estate, personal property, business interests and cash are typically made by way of a will, revocable trust or even a simple codicil to your current estate plan. Your estate-planning attorney can assist you in preparing the necessary papers for you to complete the bequest.

Other bequests, such as those involving retirement assets, insurance policies, bank accounts and stocks and bonds, are typically made by completing the appropriate beneficiary designation form. Simply contact your retirement plan administrator, life insurance company, bank or investment broker and ask them to send you the appropriate “beneficiary designation” or “payable on death” form. To complete your bequest, you will need to complete and sign the form and then send it back to the person who originally sent the form to you.

The last step in leaving any bequest involves the transfer to charity. When you pass away, the bequest property will be transferred to Envision. The full value of this gift will be transferred tax-free and your estate will receive an estate tax charitable deduction.

Contact Us

If you have any questions about leaving a bequest to Envision, please contact us. We would be happy to assist you.

If you have been so generous as to include a bequest to Envision as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.

Envision is proud to be certified and/or accredited
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