RESIDUAL BEQUEST LANGUAGE
A residual bequest comes to us after your estate expenses and specific bequests are paid:
“I give and devise to Louisville High School, located in Woodland Hills, California, all (or state a percentage) of the rest, residue and remainder of my estate, both real and personal, to be used where it determines the need is greatest (or for the support of a specific fund or program).”
LIFE INSURANCE POLICY AND DAF BENEFICIARY LANGUAGE
As with retirement plans, naming Louisville High School as the beneficiary of a life insurance policy or your donor-advised fund is as simple as filling in a change of beneficiary form from your plan/fund administrator. Be sure to let us know you have named us as the beneficiary so we can contact the insurance company or fund at the appropriate time and put your gift to work as you intend.