Louisiana Baptist Foundation's Bequest Language
Types of Bequests
There are a number of ways you can make a bequest to your church or ministry.
Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to your church or ministry.
Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to your church or ministry.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to your church or ministry.
Bequests can take on many different forms, as listed above, but also may include endowments or trusts managed by the Louisiana Baptist Foundation. Please contact us so that we may provide language specific to your situation