Types of Bequests

Specific bequest - usually a dollar amount.  It may also be a gift of real estate or tangible personal property (for example, artwork, antiques, jewelry, or coin/stamp collections).

Residuary bequest - names State YMCA to receive all or a percentage of the remainder of the estate after specific bequests have been fulfilled.

Contingent bequest - takes effect only if all primary beneficiaries named in the will have predeceased the donor.  Declaring State YMCA of Georgia a contingent beneficiary can prevent the property from going to the state if there are no heirs.

Testamentary trust - designates that part or all of the estate is to be left in some form of trust with a bank or individual trustee with income and/or principal to be paid to State YMCA of Georgia.

• Providing gift plans that benefit you and your family
  
• Bringing immediate and deferred tax advantages to both you and your heirs
  
• Having a meaningful impact on the State YMCA of Georgia and our goals and interests, beyond your own lifetime and far into the future