A charitable gift from your estate is a favored method of giving that enables you to achieve your financial goals and benefit Xaverian Brothers High School. No other planned gift is as simple to make or as easy to change should you ever need the assets during your lifetime.
A bequest may be right for you if:
Your gifts to Xaverian Brothers High School help us continue to develop the integration of spiritual, intellectual, physical, and social dimensions within each young man. It will provide Xaverian Brothers High School with the resources to…
Remembering Xaverian Brothers High School in your will is a wonderful way for you to make a lasting gift. Large or small, your bequest will make an important contribution to our long-term strength and our ability to carry on with our activities.
But what if you don't have a will or living trust? You are not alone. Most Americans don’t have a will.
If you die without a will, the laws of your state will decide how your estate is divided. Typically, the probate court will divide your estate among your closest surviving family members according to a formula, and none of your estate can go to Xaverian Brothers High School or any other charity. If you wish to have a say in how your estate is distributed, you must have a will or living trust. We encourage you to work with an experienced attorney to create a will or living trust that accomplishes your goals for your estate.
Ways you can define a charitable gift in your estate plan
There are several ways that you can define the amount of your charitable gift to Xaverian Brothers High School. They are:
Ways to specify how we may use your bequest
You have several options for telling Xaverian Brothers High School how we may use your bequest once we receive it. They are:
Make sure we can carry out your wishes
It is very important that your bequest be accurately and clearly described in your estate plan so that we can carry out your wishes as you intended. We are pleased to consult with you regarding the terms of your bequest to make sure that we will be able to carry out your intentions. In order to avoid any possible question that your bequest is to our organization, be sure to include our full legal name in your bequest.
Legal name: Xaverian Brothers High School, Inc.
Current Address: 800 Clapboardtree Street, Westwood, MA 02090
Tax identification number: [fed_tax_id}
We are happy to provide you with sample bequest language to assist you and your attorney.
You have complete flexibility to change your bequest at any time. If circumstances change in a way that makes you want to revise your gift to us, you can.
Because your bequest is revocable, you do not receive an income tax charitable deduction when you create it. Rather, your estate will receive an estate tax deduction for the full value of your bequest in the year it is made. Depending on a variety of factors, including the size of your estate and estate tax law at the time your estate is settled, this deduction may or may not save estate taxes.
In addition to adding bequest language to your will, here are a few other simple ways for you to make a bequest to us:
Please let us know if you have included Xaverian Brothers High School in your estate plans. We would welcome the opportunity to thank you for your thoughtful gift and to confirm that we can carry out your wishes.
Christopher Connor, a widower, has been a supporter of Xaverian Brothers High School for many years. Christopher is in good health now, but does not want to be a financial burden to he children should he require expensive health care in the future.
Xaverian Brothers High School is one of two charities to which he has been most dedicated. He would like to make a lasting gift to each of them in memory of he wife. After discussing he options with he estate planning advisor, he decides to create a residuary bequest in he will for each of he two favorite charities. Each charity will receive 50% of the remainder of he estate after all other obligations, such as taxes and bequests to he children and grandchildren and taxes, have been taken care of.