Sample Language for your Will or Living Trust
The following language may help you and your attorney meet your needs when drafting your will or living trust.
If you intend to leave an outright bequest of cash, securities, or other property to University of the Pacific 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 to University of the Pacific for a specific purpose, such as to support a school, unit or program:
“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 and with a preference for use at [name of school, unit or program].”
If you wish to make a contingency gift, so that University of the Pacific 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/trustee] to pay or transfer the share to which such beneficiary would otherwise be entitled, to University of the Pacific for [insert Unrestricted or Restricted language here].”
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 attorney to determine which planned gift strategy is best for you.