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Leave a Legacy

Gifts Through Your Will or Living Trust

Your will or trust is a reflection of your values. You have the opportunity to provide for your loved ones and to create a legacy for future generations.

The most common types of bequests you may want to consider:

  • Percentage – Designates the percentage of your estate you want distributed to ITNMontereyCounty.
  • Specific – Designates a specific dollar amount or a specific asset to ITNMontereyCounty.
  • Residual – ITNMontereyCounty will receive the remainder of your estate, or a designated percentage, after all necessary costs and bequests to others have been satisfied.
  • Contingent – Assumes that you want to leave your entire estate to family and friends. However, if you outlive any beneficiary, you can instruct that ITNMontereyCounty receives that portion of the estate.

Sample Bequest Language

Percentage

"I give, devise and bequeath to ITNMontereyCounty located at P.O. Box 2121, Seaside, CA 93955-2121, (tax identification number 45-3745255), ____% of my estate."

Specific

"I give, devise and bequeath to ITNMontereyCounty located at P.O. Box 2121, Seaside, CA 93955-2121, (tax identification number 45-3745255),

Choose:

1) The sum of $___________."

2) __________ shares of stock in ________________Company.", or

3) my real property commonly known as _________________."

Residual

"I give, devise and bequeath to ITNMontereyCounty located at P.O. Box 2121, Seaside, CA 93955-2121, (tax identification number 45-3745255), all the residue of my estate, including real personal property."

Contingent

"In the event of the death of any of the beneficiaries, I give, devise and bequeath to ITNMontereyCounty located at P.O. Box 2121, Seaside, CA 93955-2121, (tax identification number 45-3745255) (percentage, specific, or residual language as above)."