The Three Types
Specific:
This is the most common type of bequest. Typically, it is a dollar amount, such as $5,000, or some other specific asset, like appreciated stock.
Sample wording for a specific bequest:
"With gratitude for all that God has given me, I give, devise, and bequeath to the Congregation of the Holy Rosary of Pompeii, Kenosha, Wisconsin, a Wisconsin religious corporation, the sum of $____________ (or description of specific property)."
Residuary:
This type of bequest gives all or a specific percentage of assets remaining in the estate after debts, taxes, expenses, and other bequests have been paid.
Sample wording for a residuary bequest:
"With gratitude for all that God has given me, I give, devise, and bequeath the Congregation of the Holy Rosary of Pompeii, Kenosha, Wisconsin, a Wisconsin religious corporation, 10% of the remainder of my estate after all debts, taxes, expenses, and family bequests have been paid."
Contingent:
This bequest takes effect if those you have remembered in your Will are no longer living when you pass away.
Sample wording for a contingent bequest:
"If upon the death of the survivor of my spouse and I, or at any time thereafter, but prior to complete distribution of my estate, there is no living descendant of mine, any property of my estate not vested or effectively appointed shall be distributed to the Congregation of the Holy Rosary of Pompeii, Kenosha, Wisconsin, a Wisconsin religious corporation."
All documents regarding gifts are required to use the legal name and address of the organization. In the case of gifts to the Holy Rosary, the following information is provided:
Legal Name: Congregation of the Holy Rosary of Pompeii
Legal Address: 2224 45th St, Kenosha, WI 53140
Tax Identification Number: 39-0863293
Date of Incorporation: September 9, 1904
Contact: Shelley Bennett at 262-652-2771 ext. 3214 or This email address is being protected from spambots. You need JavaScript enabled to view it.
The material presented on this website is not offered as legal or tax advice.
