Wills and Trusts
A person can make a larger gift than would have been possible during his or her lifetime when they make their gift through their will or living trust. Within the terms of your will or living trust, you may give the AMS a specific asset (such as marketable securities), a dollar amount, or a portion of the residue of your estate after other beneficiaries are provided for.
Bequests are the simplest and most frequent forms of planned gifts to the AMS. There are several ways to make a bequest, which you may consider discussing with your attorney when updating or preparing your will.
- Specific Bequest – a gift of a specific item to a specific beneficiary
- General Bequest – usually a gift of a stated sum of money to a specific beneficiary
- Contingent Bequest – a bequest made on condition that a certain event must occur before distribution to the beneficiary
- Residuary Bequest – a gift of remainder of your estate after all other bequests, debts and taxes have been paid.
Another type of bequest is a Testamentary
This trust can be created from the estate to provide for
family members or others during their lifetimes, before reverting
to the AMS. AMS will honor your intentions to provide a charitable
gift to AMS by offering recognition during your lifetime
for the documented value of your bequest.
If you plan to make a charitable gift through your will or a trust, please meet with your attorney to discuss and update your will. Tell your attorney what you want to do and be as clear as possible in describing what you want given to whom.
If you are interested in learning more about making a bequest, please contact the Development Office.