The enduring power of a bequest
A charitable bequest lives on – leaving a legacy that will make a difference for generations to come.
A bequest to Perkins School for the Blind can be made by creating a new will, or adding a codicil to your current will. Another easy way to make a bequest is to designate Perkins as a beneficiary of your retirement plan or life insurance policy.
If you plan to include Perkins in your will or estate plans, or have already done so, please let us know so we can welcome you into the Thomas H. Perkins Legacy Society, which honors those individuals whose legacy of generosity helps build a better future for the people we serve.
How can you include Perkins in your will?
Just a few sentences in your will are all that is needed. You can give all of your estate, a percentage of your estate, a specific sum of dollars, or the remainder of your estate (after other bequests) to Perkins. Your gift can be used for general support for Perkins, or to fund specific programs or initiatives.
The following language may be used for an outright gift by will:
Specific dollar amount or percentage:
"I give the (sum of dollars or percentage of estate) to the Trustees of Perkins School for the Blind, located in Watertown, Massachusetts, to be used for the school's general purposes."
Part or all of residue
"I devise and bequeath to the Trustees of Perkins School for the Blind, located in Watertown, Massachusetts, (all or specify a portion) of the rest, residue and remainder of my estate to be used (for the school's general purposes or insert a specific program or purpose.)."
Why do you need a will?
Having a will allows you to:
Direct the division of your property the way you choose.
Select an executor (personal representative) who is qualified to settle your estate promptly and economically, with careful attention to your wishes.
Name a guardian for minor children.
Make special financial arrangements for family members who are minors, disabled or unfamiliar with money management.
Devise an estate plan, with the help of a qualified attorney and other advisors, to minimize the taxes on your estate.
Provide vital support for favorite charitable institutions like Perkins.
When should you update your will?
Here are some circumstances that may cause you to consider updating your will:
Your assets have significantly increased or decreased in value.
You've moved to another state.
You wish to name a different executor, trustee or guardian.
Your situation or a beneficiary's situation has changed, perhaps because of marriage, divorce, birth, adoption or death.
The estate tax laws have changed. (Check with your estate planning attorney to make sure your estate plan is up-to-date with the federal estate tax law changes effective Jan. 1, 2013.)
You decide to make a gift to Perkins. Consider leaving Perkins the balance remaining after bequests are distributed to your loved ones, or a percentage of your estate.
How can you update your will?
Step 1: Get a copy of your current will.
Step 2: Mark the areas you'd like to change.
Step 3: Meet with your estate planning attorney to draft and prepare your new document.
Step 4: Consider discussing changes with us if they affect your bequest to Perkins.