​Learn About Wills and Bequests

What are the benefits of making a bequest?

  • You leave a lasting legacy to be remembered
  • You lessen the burden of taxes on your family
  • You may receive estate tax savings
      
How do I make a bequest?
  
A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift be made to family, friends or South County Habitat for Humanity as part of your estate plan.
 
  
Sample Bequest Language
  
Our legal name is Habitat for Humanity for Rhode Island, South County
Tax-Identification Number: 05-0450845

A bequest to South County Habitat would normally include language like this:

Unrestricted Bequest:
  
I hereby give, devise and bequeath the sum of $__________ or ________% of my estate to Habitat for Humanity for Rhode Island, South County, a nonprofit organization located at 1555 Shannock Road, Charlestown, RI  02813, Federal Tax ID #05-0450845, for Habitat for Humanity for Rhode Island, South County’s general use and purpose.
  
Unrestricted Bequest:

I hereby give, devise and bequeath to Habitat for Humanity for Rhode Island, South County, a nonprofit organization located at 1555 Shannock Road, Charlestown, RI  02813, Federal Tax ID #05-0450845, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Habitat for Humanity for Rhode Island, South County’s general use and purpose.

Contingent Bequest:

If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Habitat for Humanity for Rhode Island, South County, a nonprofit organization located at 1555 Shannock Road, Charlestown, RI  02813, Federal Tax ID #05-0450845,, DESCRIPTION OF PROPERTY to be used for Habitat for Humanity for Rhode Island, South County’s general use and purpose.

Your deduction for the gift of life insurance will depend on whether the policy has increased in value above the premiums and whether the policy is paid up or there are remaining payments to be made.

Restricted Bequests
  
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.

If you are making a restricted bequest, we recommend that your attorney include the following provision to give Habitat for Humanity for Rhode Island, South County flexibility should it no longer be possible for Habitat for Humanity for Rhode Island, South County to use your gift as you originally intended.  
If, in the judgment of the Board of Directors of Habitat for Humanity for Rhode Island, South County, it shall become impossible for Habitat for Humanity for Rhode Island, South County to use this bequest to accomplish the specific purposes of this bequest, Habitat for Humanity for Rhode Island, South County may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.

What are my options?
  
  • A bequest can be made in several ways:
  • You can gift a specific dollar amount or asset 
  • You can gift a percentage of your estate
  • You can gift from the balance or residue of your estate
  • You can make a beneficiary designation of certain assets

Contact Us

Please  contact us if you have any questions about how to make a bequest to Habitat for Humanity for Rhode Island, South County or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.

If you have included a bequest for Habitat for Humanity for Rhode Island, South County in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift and membership into the 1990 Legacy Society.