Charitable Bequests

 

 

A bequest is one of the most straightforward ways that you can leave a gift to the Western Massachusetts Council, Boy Scouts of America, and create a meaningful legacy locally in Western Massachusetts. With the help of an attorney, you can make a meaningful gift in support of conservative principles while still maintaining the flexibility to modify your plans in the future if needed.

How a bequest works

Bequests of real estate, personal property, business interests, and cash are typically made by way of a will or revocable trust. An estate planning attorney can help you include a charitable gift for Western Massachusetts Council or add a simple codicil to your existing will.

The method used to make a bequest will depend on the kind of gift you choose to leave to the Western Massachusetts Council. By making the Boy Scouts a percentage beneficiary, for example, the amount of your gift will automatically adjust itself with changes in your estate's value.

The last step in leaving any bequest involves the transfer to charity. When you pass away, the bequest property will be transferred to the Western Massachusetts Council. The full value of this gift will be transferred tax-free and your estate will receive an estate tax charitable deduction.

Different methods to bequest

  • Percentage bequest - make a gift of a percentage of your estate
  • Specific bequest - make a gift of a specific dollar amount or a specific asset
  • Residual bequest - make a gift from the balance or residue of your estate
  • Contingency bequest - have your gift default to Heritage in the event one of your heirs predeceases you

How do I make a bequest to Heritage as part of my will or trust?

With the help of an advisor, you can include language in your will or trust specifying a gift be made to family, friends or the Western Massachusetts Council as part of your estate plan.

[Example bequest language] - "I give, devise and bequeath to the Western Massachusetts Council, Boy Scouts of America, 1 Arch Road Westfield Massachusetts 01085 [insert dollar amount, percentage of the estate, or describe property] to be used for its educational purposes."

The Western Massachusetts Council, Boy Scouts of America Tax ID number is 04-2104279.

How can I learn more?

Contact Us

 

Have any questions?

If you have any questions about leaving a bequest, please contact us here. We would be happy to assist you.

Note: If you have been so generous as to include a bequest to the Western Massachusetts Council, BSA as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity and extend the benefits of Heritage Legacy Society membership (you may also receive these benefits and choose to remain anonymous).

 

                                              Contact us about a bequest  

                

The Western Massachusetts Council, BSA does not provide legal or tax advice. All material is presented solely as educational information. Examples of tax benefits are based on assumptions that might not apply to your individual circumstances. We recommend that you seek the advice of your attorney, tax advisor, and financial planner in connection with all gift and estate planning matters.