A bequest is one of the easiest and most common ways for supporters to make a significant contribution to Classic Soul Radio. We are pleased to provide the following information to help you and your legal counsel as you create your estate plan.
Why Create A Will?
A will is a very important estate planning tool. It allows you to name guardians for your minor children and to determine who will receive your property after your death, in what amounts and proportions and under what circumstances. Tax considerations also may affect the provisions of your will.
You have an opportunity in your estate plan to provide not only for your family and friends, but also for charity. You may use not only cash when making a planned gift to charity, but also stocks, bonds and other types of property.
Engage Legal Counsel
Most experts agree that hiring an experienced estate planning attorney will save you and your beneficiaries time and money in the long run. While you determine what goes into your will or trust, your attorney will make sure it is a proper legal statement of how you wish your possessions to be distributed.
Types of Bequests
When writing or updating your will, you can also make a real difference in the continuation of intelligent, independent non-commercial radio by naming Classic Soul Radio as a beneficiary.
There are several options you can choose from when establishing a bequest:
◦Specific bequest: Determine a specific dollar amount or asset that you would like to leave to Classic Soul Radio.
◦Residual bequest: After you have provided for your loved ones, name Classic Soul Radio to receive a percentage or all of your residuary estate.
◦Contingent bequest: Name Classic Soul Radio as a beneficiary only in the event of the death of other beneficiaries, such as family members or friends.