You can use your will to transfer your assets to your surviving spouse, children, grandchildren, and to designate special friends or charitable organizations that should receive assets from your estate. A bequest through your will allows you to make a gift to the San Diego Psychoanalytic Center after you have taken care of loved ones. Assets left to the Center are removed from your taxable estate, thereby reducing the taxes that may be payable by your estate.
A charitable bequest can easily be added to your will. A codicil drafted by your attorney can be used to make simple changes or additions to your current will in the following ways:
- Make a specific bequest of cash, stocks, bonds or real estate.
- Make a residual or percentage bequest leaving SDPC a remainder or percentage of your estate. This is an excellent method of providing assets to both charities and heirs.
- Create a contingent bequest to the Center should your designated beneficiaries not survive you. Bequests can also be incorporated into any trusts you may establish to distribute the property in your estate.
Please call us if you would like to discuss this further.