Make a lasting difference today
Put Maryknoll Lay Missioners in your will
and join us in our mission for justice, compassion, and dignity for all creation
More and more supporters of Maryknoll Lay Missioners are discovering the power of making a bequest. They are realizing that a bequest to Maryknoll Lay Missioners is one way of making a larger gift than they thought was possible.
Including us in your will involves no immediate loss of capital or income, and tax benefits minimize the ultimate cost to your heirs.
Maryknoll Lay Missioners has partnered with FreeWill – a free, online estate planning resource – to make this process simple and accessible to you and your family. This secure platform is trusted by more than 650,000 users and allows you to make a will in as little as 20 minutes and include an optional legacy gift to sustain our work for generations.
A gift by bequest removes assets from your taxable estate, potentially placing that estate in a lower tax bracket. Unlike charitable income tax deductions, there are no percentage limitations on gifts by bequest. A gift by bequest may be incorporated into a will when it is written or added to an existing will as a codicil.
Have you already included Maryknoll Lay Missioners in your estate plan? Please fill out this form to let us know! We would love to thank you for your care and generosity.
THERE ARE SEVERAL DIFFERENT TYPES OF BEQUESTS:
- SPECIFIC BEQUEST — identifies a dollar amount, a percentage of an estate, or particular assets to pass to Maryknoll Lay Missioners.
- RESIDUARY BEQUEST — states that all or a portion of an estate will pass to Maryknoll Lay Missioners only after all other beneficiaries under the donor’s will have been recognized and costs of settlement of the state have been paid.
- CONTINGENT BEQUEST — in the event the primary beneficiaries do not survive you.
A charitable bequest impacts estate planning very favorably and can actually enhance the value of assets passed to heirs. In many circumstances a bequest of the residual of your retirement plan (IRA, 401K, profit-sharing, etc.) will save multiple taxes and is a very effective way to make a gift to Maryknoll Lay Missioners. We encourage you to review your will (once every five to seven years) to ensure that your goals for family and friends are met.
For suggested language and more information on bequest giving or other planned giving opportunities, please contact Pat Norberto at [email protected] or 914-236-3479.