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Bequest Language

pdficon_large.gif Printable Bequest Language

 

Including JourneyCare in your will or trust

A bequest—a gift in your will or trust—is simple and convenient. You can create a legacy through a bequest.

Your bequest can be a specific dollar amount or a percentage of your estate. Many individuals make a gift that honors the memory of a family member or a loved one.

The following includes several examples of suggested bequest wording to benefit JourneyCare. Because a will is an important legal document, however, you should seek an attorney's help.

Specific Bequest

Specific bequests are used to make a gift of a specific dollar amount or specific asset (such as securities, real estate, or personal property).

“I give and bequeath to JourneyCare Foundation, located at 2050 Claire Court, Glenview, Illinois, 60025, Federal Tax ID# 36-3820916, the sum of $_______________.”

Residuary Bequest

Residuary bequests are used to give all or a portion of the remainder of your estate after payment of expenses and any specific amounts designated to other beneficiaries.

“All the rest, residue, and remainder of my estate, I give, devise, and bequeath to JourneyCare Foundation located at 2050 Claire Court, Glenview, Illinois, 60025, Federal Tax ID# 36-3820916.”

Percentage Bequest

A percentage bequest is one in which you state that you are giving a portion of your estate to a beneficiary.

“I give, devise, and bequeath to JourneyCare Foundation, located at 2050 Claire Court, Glenview, Illinois, 60025, Federal Tax ID# 36-3820916, an amount equal to ________% of the net value of my estate.”

The most useful type of bequest is unrestricted, allowing the funds to be allocated wherever the need is greatest, and taking into account that changes (programs, laws, etc.) may necessitate a use that cannot be anticipated at the time of the gift.

If the bequest is restricted to a specific purpose, it is important that the following wording be added at the end of the provision. This will ensure that, in the remote possibility a specified purpose may cease to need funds in the future, an alternate use for the bequest may be determined.

"If changed circumstances should at some future time make it impractical to continue administering the Fund for the purpose designated, then JourneyCare Foundation Board of Directors may redesignate the purpose—provided the terms adhere as closely as possible to my original intent."

Each individual situation is unique; therefore, the examples here include only some of the possible gift opportunities. We encourage you to discuss your intentions with us at JourneyCare Foundation to ensure that your wishes will be properly followed and recognized.

Please contact Christine Post-Duncan, Gift and Estate Planning Director, at 224-645-0971 or cpost-duncan@journeycare.org to discuss your intentions and to share the news of your future gift. 

Thank you for supporting JourneyCare patients and their families!

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