The easiest and most effective way to leave a planned gift for New Moms is through a bequest (a gift) in your will. To leave a bequest, you simply direct your will that certain money or property be transferred to New Moms upon your death.

A bequest can take various forms:

• A specific bequest is the simplest and most familiar way to make a bequest to New Moms in your estate plan. A specific bequest states that the New Moms will receive a designated sum or specific asset from your estate.
• A percentage or residual bequest ensures that the New Moms will receive a fixed share of your estate after taxes, expenses, debts and other specific bequests have been paid. Percentage and residual bequests lessen the impact of inflation on your intended gift to New Moms. They ensure that the proportion of your estate which you are leaving to our ministry is constant, regardless of inflation.
• A contingent bequest is a bequest which is contingent on the occurrence of a condition you designate in your estate plan. For example, you could designate New Moms as the beneficiary of all or a portion of your estate if all other beneficiaries named in your will predecease (die before) you. You can work with your attorney to draft a contingent bequest that best expresses your wishes.

Recommended language for a Bequest to New Moms

The examples below can be helpful if you are considering a bequest to New Moms. You may wish to provide this suggested language to your attorney when creating or updating your estate plan.

A Specific Bequest

I give (insert dollar amount or specific description of property or asset) to New Moms Inc., 2845 W. McLean Ave, Chicago, Illinois 60647, or its lawful successor.

A Percentage Bequest

I give (insert percentage) % of my estate to the New Moms Inc., 2845 W. McLean Ave, Chicago, Illinois 60647, or its lawful successor.

A Residual Bequest

I give the residue of my estate to New Moms Inc., 2845 W. McLean Ave, Chicago, Illinois 60647, or its lawful successor.

We are happy to answer your questions about planned gifts. Feel free to contact Mary Griffith at (773) 252-3253.

Please note that these examples are samples only and not intended as legal advice. We recommend you consult with your attorney when reviewing or drafting your estate plans.