Sample Language for your Will
The following language may help you and your attorney meet your needs when drafting your will.
If you intend to leave an outright gift of cash, securities, or other property by designating a specific dollar amount, a particular asset, or a fixed percentage of your estate to University of the Pacific to be used for general purposes:
“I, [name], of [city, state, ZIP], give, devise and bequeath to University of the Pacific [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.”
If you intend to make an outright bequest for a specific purpose, such as to support technology or counseling resources:
“I, [name], of [city, state, ZIP], give, devise and bequeath to University of the Pacific [written amount or percentage of the estate or description of property] for its charitable purposes, including but not limited to ___________ use and purpose.”
If you wish to make a contingency gift, so that the University will receive a portion of your estate if your named beneficiary does not survive you:
“If any of the beneficiaries named in this will should die before becoming entitled to receive their distributive share of my estate, I direct my executor to pay or transfer the share to which such beneficiary would otherwise be entitled, to University of the Pacific for its unrestricted use and purpose.”
Please contact Jonelle Beck, JD ‘00, Executive Director of Estate and Gift Planning, at firstname.lastname@example.org or 209-946-2501 if you have any questions.
Then, consult with your tax advisor and lawyer to determine which planned gift strategy is best for you.