The Importance of a Valid Will
By most reports, more than half of Americans die without a valid will. The result is that major decisions about their property and their loved ones are made by the state. Without a will, an estate may end up paying more in state and federal estate taxes, thus reducing the amount available to loved ones. And yet, creating a simple will or revising an existing one is neither necessarily expensive nor time-consuming and the benefits are numerous. A well-crafted will is a very powerful instrument that directs to whom, how, and when assets are to be distributed and employs tax-savings measures to preserve as much of an estate as possible. Including a gift to a charitable organization in a will (a “charitable bequest”) may enable you to make a more significant gift than may be possible during your lifetime.
Your Charitable Bequest
Your bequest to University Libraries is made through the UC Foundation and may be restricted to a specified purpose, for example to help build library collections of books, journals, and electronic resources, or to name a library or a public space. Bequests may also be unrestricted to be used at the discretion of the Dean and University Librarian.
For information on making a bequest, including suggested language, call The University of Cincinnati Foundation Office of Gift Planning at (513) 556-6293 or (888) 556-8889 or contact Peggy Wolf, Development Officer for University Libraries, at (513) 556-0055 or through e-mail giftplanning@uc.edu. We are here to help you make a difference for University Libraries. |
