When making or revising a will, a donor should obtain the
assistance of a lawyer. Members of Boston University's Office
of Planned Giving will be pleased to work with you
and your lawyer to design an estate plan specifically tailored
to your wishes. Following are suggested forms for making various
types of bequests.
Outright bequest in will:
Specific dollar amount:
"I bequeath the sum of ($ ), without reduction
for any tax occasioned by my death, to Trustees of Boston
University, a Massachusetts non-profit corporation having
a principal place of business in Boston, Massachusetts,
to be used or disposed of as the University in its sole
discretion deems appropriate."
Percent of estate:
"I bequeath (____) percent of my estate, without
reduction for any tax occasioned by my death, to Trustees
of Boston University, a Massachusetts non-profit corporation
having a principal place of business in Boston, Massachusetts,
to be used or disposed of as the University in its sole
discretion deems appropriate."
Specific property (personal property):
"I bequeath (describe property) to Trustees of
Boston University, a Massachusetts non-profit corporation
having a principal place of business in Boston, Massachusetts,
to be used or disposed of as the University in its sole
discretion deems appropriate."
Specific property (real estate):
"I devise all of my right, title, and interest
in and to the real estate located at (give address or otherwise
describe property) to Trustees of Boston University, a Massachusetts
non-profit corporation having a principal place of business
in Boston, Massachusetts, to be used or disposed of as the
University in its sole discretion deems appropriate."
Share of or entire residue of estate:
"I devise and bequeath [(all) OR ( percent)]
of the remainder of my property, without reduction for any
tax occasioned by my death, to Trustees of Boston University,
a Massachusetts non-profit corporation having a principal
place of business in Boston, Massachusetts, to be used or
disposed of as the University in its sole discretion deems
appropriate."
Conditional bequest in will:
Insert the conditional language in one or more of the
above provisions. For example:
"If my husband (wife) does not survive me, I
bequeath the sum of $ , without reduction for any tax occasioned
by my death to Trustees of Boston University, a Massachusetts
non-profit corporation having a principal place of business
in Boston, Massachusetts, to be used or disposed of as the
University in its sole discretion deems appropriate."
If the gift to Boston University is for a specific purpose,
insert the restriction in place of the words "to be used
or disposed of as the University in its sole discretion deems
appropriate." For example:
"I bequeath the sum of $ , without reduction
for any tax occasioned by my death, to Trustees of Boston
University, a Massachusetts non-profit corporation having
a principal place of business in Boston, Massachusetts,
for the following use and purpose: (describe) ."
In the event of a gift subject to a restriction,
we suggest including one of the following provisions:
"However, I impose no legal or equitable obligation
in this regard."
-or-
"If in the judgment of Trustees of Boston University
it has become, or is likely to become, impossible or impracticable
to accomplish the purpose of this gift, the income or principal,
or both, of this gift may be used for such related purpose
and in such a manner as determined by Trustees of Boston
University."
For more information, please contact
the Office of Planned Giving.
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