A testamentary gift or a planned gift from your will is a simple designation and will not affect your cash flow during your lifetime. It’s easy to revoke if your situation changes. This is a good option for donors who want to ensure MVLS’ future viability and strength, long-term planning is more important than an immediate income-tax deduction, or you want the flexibility of a gift commitment that doesn’t impact current cash flow.
How It Works
• Include a bequest to MVLS in your will or trust. (Sample bequest language)
• Make your bequest unrestricted or direct it to a specific purpose.
• Indicate a specific amount, or a percentage of the balance remaining in your estate or trust.
• Your assets remain in your control during your lifetime.
• You can modify your bequest to address changing circumstances.
• You can direct your bequest to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
• Under current tax law there is no upper limit on the estate tax deduction for your charitable bequests.