Bequest in Will or Trust

 

Learn how bequests can shape the future of our community through the United Way Forever Fund. Bequests are gifts made through your will or trust, enabling you to designate a portion of your estate to support our mission even after you're gone. Discover how easy it is to include a bequest in your estate plan, providing vital resources for our programs while potentially reducing estate taxes for your loved ones. Explore the impact of leaving a legacy that ensures our continued work in building a better tomorrow for all.

 

Benefits of Giving Through a Bequest

  1. Lasting Legacy: Your bequest ensures that your commitment to our cause lives on, leaving a meaningful legacy that positively impacts future generations.

  2. Tax Advantages: By including a charitable bequest in your estate plan, you may reduce the taxable portion of your estate, potentially providing significant tax benefits for your heirs.

  3. Flexibility: Bequests offer flexibility in how you support our mission, allowing you to designate a specific amount, percentage, or asset from your estate to the United Way Forever Fund.

  4. Impactful Support: Your bequest provides essential resources to sustain and expand our community programs, making a lasting difference in the lives of those we serve.

 

Your Options for Bequests:

When considering a bequest, you have several flexible options:

  1. Gift a Specific Dollar Amount or Asset: Specify a particular sum of money or asset, such as real estate or securities, to be donated to the United Way Forever Fund.

  2. Gift a Percentage of Your Estate: Designate a percentage of your total estate value to support our mission, ensuring your contribution aligns with your financial circumstances.

  3. Gift from the Balance or Residue of Your Estate: After fulfilling other bequests, debts, and expenses, allocate the remainder, or a portion of it, to benefit the United Way Forever Fund.

  4. Make a Beneficiary Designation of Certain Assets: Direct specific assets, such as retirement accounts, life insurance policies, or bank accounts, to be transferred to the United Way as beneficiary upon your passing.

 

Sample bequest language: (carefully review the terms of your Will with an appropriate professional advisor)
I give, devise and bequeath to United Way of Bemidji Area, 716 Paul Bunyan Dr NW, Bemidji, MN 56601 the sum of $____________ /or ___ % of my estate/or the following specific asset ____________________________ for the benefit of United Way of Bemidji Area to be added to its endowment.

 

Create your Last Will & Testament, 100% free

Making or updating your Will is easier than you might imagine. United Way of Bemidji Area has partnered with FreeWill.com to give you a free, intuitive way to write your Will. By including a gift to United Way of Bemidji Area in your Will, you help ensure that we are able to break the cycle of poverty for everyone in our community for generations to come.

This tool is free to you whether or not you choose to include a gift to us and can be used to create your full legal Will in about 20 minutes.

Visit www.FreeWill.com/UnitedWay to create your FreeWill today.

 

Questions?

Forever Fund Contact:

David Balmer

Financial Planner 

First National Bank Bemidji

218-333-9633 DBalmer@FNBBemidji.com