Remembering the Bluegrass Council of the Blind in your will is as simple as:
Choosing what to give. Your choices are:
- A specific bequest gives us a particular piece of property. If you disposed of the property before your death, we won’t receive your intended gift because we cannot claim any other property.
- A general bequest gives us a stated sum of money. If there is insufficient cash in your estate to cover the bequest, other assets will be sold for cash to honor your wishes for us.
- A residuary bequest gives the “rest, residue and remainder” of your estate, or a percentage that you specify of the residue after all other bequests, debts and taxes have been paid.
- A contingent bequest requires a certain event to occur before the gift can happen. For example, you could bequeath funds to a family member provided that person survives you; if not, the funds would then go to the Bluegrass Council of the Blind.
Deciding how you would like the Bluegrass Council of the Blind to use your gift. Your choices include:
- An unrestricted bequest allows us to use the assets in the most beneficial way for those we serve.
- A restricted bequest allows you to specify how we are to use the funds. (Contact us in advance to be certain your intent can be fulfilled.)
- An endowed bequest allows you to restrict the principal of your gift so we can use only a small portion each year, typically allowing the fund to last longer, but makes a difference in smaller increments.
Meeting with your estate planning attorney.
Whether you need to create a will or trust, or simply update an old document, you might want to seek the help of an estate planning attorney. The official bequest language to share with your attorney is:
“I, [name], of [city, state, ZIP], give, devise and bequeath to The Bluegrass Council of the Blind, Inc., a nonprofit charitable community service organization located in Lexington, Kentucky, Tax Identification #: 61-097-1827, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.”
We thank you sincerely for considering a planned gift to support services that improve the independence, security and quality of life for people affected by vision loss. If you have any questions or need further information, please contact Theresa Thomas at 859-217-2270 or email info@bcbky.org.