Bequests offer the advantage of making a future gift without affecting your current cash or asset portfolio. When having your attorney draft your bequest, he or she should utilize the following language:
"I give, devise, and bequeath to the Roman Catholic Bishop of Louisville, a corporation sole with principal offices at 3940 Poplar Level Road, Louisville, KY << insert gift>> for the use and benefit of << name, parish school name, or regional school name>>."
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.