Leave a Gift in Your Will or Trust
Many of the most powerful gifts we receive that have enduring impact, come from people who leave us a gift in their will. It's easy to do and costs you nothing today. There are many reasons to leave a gift in your will. It allows you to leave a legacy or honor a loved one, and provide critical support to Oakland Symphony.
Benefits of leaving a gift in your will
- Costs you nothing now
- Allows you to honor a loved one
- Reduce the burden of taxes on your family
- Receive an estate tax charitable deduction
- Leave a permanent and lasting legacy that will be recognized forever
- You can change your gift at any time if your circumstances change
How to leave a gift to Oakland Symphony in your will
With the help of an attorney, you can include language in your will or trust to leave a gift to Oakland Symphony as part of your estate plan, or you can make a gift using a beneficiary designation form.
4 Different ways you can leave a gift to Oakland Symphony
- Include a gift to Oakland Symphony in your will or revocable trust
- Designate Oakland Symphony as a full or partial beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
- Name Oakland Symphony as a beneficiary of your life insurance policy
- Designate Oakland Symphony as a full or partial beneficiary of your bank account
3 Types of gifts you can make in your will or trust
- 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
If you have questions about how to leave a gift in your will or trust to Oakland Symphony, or to designate Oakland Symphony as a beneficiary, please contact us.
Have you already included a gift in your will, trust or estate plan to Oakland Symphony?
Gifts of real estate, personal property, business interests and cash are typically made through 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 your gift.
Other gifts, such as those involving retirement assets, insurance policies, bank accounts and stocks and bonds, are typically made by completing a beneficiary designation form. Simply contact your retirement plan administrator, life insurance company, bank or investment broker and ask them to send you a "beneficiary designation" or "payable on death" form. To make your gift, you will need to complete and sign the form and send it back to your account holder.
The last step in leaving any gift involves the transfer to charity. When you pass away, your gift will be transferred to Oakland Symphony. The full value of your gift will be transferred tax-free and your estate will receive an estate tax charitable deduction.