Estate planning is important regardless of the size of your estate. It will help you achieve your philanthropic objectives, preserve assets so they will be used according to your wishes, and provide security for your loved ones.
Your will is the cornerstone of your estate planning efforts-your most important legal document. With a little planning, you can ensure that your desires will be fulfilled. Charitable bequests can take various forms:
Residual bequest – designates all or a portion of whatever remains after all debts, taxes, expenses, and other bequests have been paid.
Contingent bequest – takes effect only if the primary intention cannot be met. This ensures that property will pass to the JoshProvides Epilepsy Assistance Foundation, Inc., of Sarasota, FL than unintended beneficiaries-including the government.
Example: “If (Name of Primary Beneficiary) does not survive me, then I give, devise and bequeath to the JoshProvides Epilepsy Assistance Foundation, Inc., of Sarasota, FL, all the rest, residue and remainder of my estate to support the JoshProvides Epilepsy Assistance Foundation, Inc., of Sarasota, FL to be used as its board of directors shall determine in its sole discretion”.
JoshProvides Epilepsy Assistance Foundation, Inc.
ATTN: Andria Bilan, CEO
5428 Sundew Drive Sarasota, FL 34238
JoshProvides Epilepsy Assistance Foundation, Inc. is a Florida not-for-profit corporation. The Internal Revenue Service (“IRS”) has determined that the organization is exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code and is a public charity under Section 170(b)(1)(A)(vi) of the Internal Revenue Code. The organization’s Federal Tax Identification Number is 46-2322505. An acknowledgement will be sent to the person or family you choose. Your gift will help people living with epilepsy and seizure disorders.