BEQUEST OF A SPECIFIC AMOUNT OR ASSET
A specific bequest ensures that specific property that you designate will pass to Barbershop Harmony Society. You might consider the following language as an example:
SPECIFIC AMOUNT
"I hereby give, devise and bequeath $______________ to Barbershop Harmony Society at 110 7th Avenue North, Nashville, TN 37203 to be used for its general use and purpose."
SPECIFIC ASSET
"I hereby give, devise and bequeath _______________ (description of property) to Barbershop Harmony Society at 110 7th Avenue North, Nashville, TN 37203 to be used for its general use and purpose."
PercentageBequest
PERCENTAGE BEQUEST
A bequest can be made as a percentage of the whole or of the residuary of the estate to Barbershop Harmony Society, using the following language as an example:
"I hereby give, devise and bequeath to Barbershop Harmony Society at 110 7th Avenue North, Nashville, TN 37203 (all or a percentage) of the rest, residue and remainder of my estate, both real and personal, for its general use and purpose."
RESIDUARY OF YOUR ESTATE
A residual bequest is made from the remaining portion of your estate after the will or trust has distributed each of the specific bequests and all other expenses and taxes. The following is sample language:
"I hereby give, devise and bequeath the rest, residue and remainder of my estate to Barbershop Harmony Society at 110 7th Avenue North, Nashville, TN 37203 for its general use and purpose."
CONTINGENT BEQUEST
"If _______________ (Name of beneficiary) predeceases me or disclaims any interest in __________ (description of property), I give such property to Barbershop Harmony Society at 110 7th Avenue North, Nashville, TN 37203 for its general use and purpose."
*It is important that you consult your attorney and/or professional advisors to consider the application of this language to your individual circumstances as part of an overall estate plan.