Example of a Charitable Bequest
When doing their estate planning recently, Mr. and Mrs. Carter determined they ultimately wanted to benefit not only their adult son and daughter, but also Overlake – where both children were born! Working with their attorney, the Carters sign wills ensuring that when one of them dies, the survivor will be the sole beneficiary of the estate. Later, however, upon the surviving spouse’s death, a bequest of $50,000 will be made to Overlake Medical Center Foundation, with the rest of his or her estate being split evenly between the two children.
The Carters are pleased with this arrangement because they know that if their circumstances change, they have the flexibility to revise their wills.
If you have a question or wish to get in touch with someone at Overlake regarding a possible planned gift, please contact Stephanie Stewart, Director of Planned Giving, by email or at 425-688-5452.
The information on this website does not constitute legal, financial, tax, or estate planning advice and should not be relied upon as a substitute for such advice. Overlake encourages you to seek the counsel of your own professional advisors and values their involvement as you determine how you would like to proceed.