Text Resize
Print This
Email This
Request Illustration
Download Brochure

A Bequest to Save Taxes

A Bequest to Save Taxes

Thomas was a widower who had a great love for our organization. As an individual who had directly benefited from our work, Thomas wanted to thank us with a gift from his estate.

Thomas told his attorney that he wished to make a bequest to his favorite charity. Thomas' estate included some stocks, real estate and an IRA. Thomas' attorney recommended that he give the appreciated stock and real estate to his children and leave his IRA to charity.

Thomas: My attorney told me that if I gave the stock and real estate to my children, these assets would receive a step-up in basis at my death. My children could then sell them without paying tax. However, if I gave my children my IRA, the IRA would be subject to estate and income tax. After paying all of these taxes, very little would be left for my family. By giving the IRA to this organization, I could make a nice gift and avoid any additional tax for my estate and children.

Thomas contacted his IRA custodian to obtain a beneficiary designation form. He filled out the form and designated our organization as the 100% recipient of his IRA account. Thomas' attorney then specified in Thomas' will the bequest of his other assets to his children.

Thomas: I was so impressed with my attorney's advice that I named him executor of my will!

Thomas called and notified us of his bequest. Thomas was pleased that because our organization was a tax exempt institution, it would receive the full amount of the IRA value when he passed away, creating a legacy for the future.

You also may want to make it easy and convenient to have a bequest included in your will. The language below shows how a bequest can very easily be included in your will.

You might find it helpful to select the "print" button below and print this page. Please feel free to give this information to your attorney. If he or she has any questions, please contact us.

*Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to our organization. Since your benefits may be different, you may want to click here to view a color example of your benefits.


Bequests may be directed to benefit one of (or a combination of) the following within the Archdiocese of Seattle:

  • The Archdiocese of Seattle (C.C.A.S.)
  • A specific fund (i.e., Priest Retirement, Priest Pension, and/or Seminarian Formation)
  • A specific parish or parishes
  • A specific parish school or parish schools
  • A Catholic organization (i.e., Catholic Community Services and/or Fulcrum Foundation)

The Legal Name of the Archdiocese of Seattle is:
Corporation of the Catholic Archbishop of Seattle
710 9th Avenue
Seattle, WA 98104

Bequest of Cash
I give to the Corporation of the Catholic Archbishop of Seattle
AND/OR for the benefit of Name(s) of Fund/Parish/Parish School/Catholic organization
the sum of $______________ to be used for the greatest need
OR to be used for (stated purpose).

Bequest of Property
I give to the Corporation of the Catholic Archbishop of Seattle
AND/OR for the benefit of Name(s) of Fund/Parish/Parish School/Catholic organization
(describe property) to be used for the greatest need
OR to be used for (stated purpose).

Bequest of the Complete (or Partial) Residue of Estate
I give to the Corporation of the Catholic Archbishop of Seattle
AND/OR for the benefit of Name(s) of Fund/Parish/Parish School/Catholic organization
all (or ________% of) the remainder and residue of my estate to be used for the greatest need
OR to be used for (stated purpose).
To the extent that my estate has items of ?income in respect of a decedent? available for distribution, those items shall be allocated first to any gifts under this Will qualifying for the federal estate and income tax charitable deductions.


Print This
Email This
Request Illustration
Download Brochure
scriptsknown
© 2017 Crescendo Interactive, Inc. PRIVACY STATEMENT