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Bequests from wills and living trusts, as well as gifts through beneficiary designations of retirement accounts and of life insurance policies, are a wonderful way to leave a continuing legacy of support for conservation in the San Juan Basin.
Bequests are also one of the easiest gifts to arrange. You can donate a specific sum of money, or an asset, such as stock or real estate, or a percentage of your estate to San Juan Citizens Alliance. You can also donate a percentage of "the rest, residue, and remainder" of your estate after first providing for your friends and family members. Or you can designate San Juan Citizens Alliance a beneficiary contingent on specific circumstances.
If you already have a will, a codicil (a brief legal supplement adding to or modifying your existing will) can be a simple and considerably less expensive way of providing a bequest for San Juan Citizens Alliance without having to draft an entirely new will.
Any financial arrangement that allows you to name a death beneficiary can be adapted as a bequest. These include:
- Revocable living trust
- Retirement savings plan (e.g. IRA, 401(k) 403(b) Keogh)
- Life insurance Policy
- Most financial accounts (e.g. savings, CDs)
Please let us know
Many supporters include us in their will or other estate plan, but don't always think to tell us they've done so. If you decide to include San Juan Citizens Alliance in your estate plan, or have already done so, please let us know. We would like to ensure we offer appropriate thanks and recognition.
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Please talk with your attorney about the possibility of benefiting San Juan Citizens Alliance through your estate. We offer a few helpful descriptive examples of language that you might discuss with your attorney:
- A specific bequest allows you to leave a gift, usually in the form of a cash disbursement. Example language: "I give, devise and bequeath to the San Juan Citizens Alliance, PO Box 2461, Durango, CO 81302 the sum of $[amount] to be used for its general purposes."
- A residuary bequest allows you to leave a remainder or a percentage of your estate to San Juan Citizens Alliance. To leave a residuary: "I give, devise and bequeath to the San Juan Citizens Alliance, PO Box 2461, Durango, CO 81302 all [or insert %] of the rest, residue, and remainder of my estate, to be used for its general purposes."
- A contingency bequest allows you to make your gift contingent on other circumstances. To make your bequest contingent: "If any of the above-named beneficiaries should predecease me, I hereby bequeath her or his share to the San Juan Citizens Alliance, PO Box 2461, Durango, CO 81302 to be used for its general purposes."
- You can avoid estate or inheritance taxes on your gift. To do so, add the following language: "I direct that no estate or inheritance taxes be paid from the share of any property devised or bequeathed to San Juan Citizens Alliance."
Our official corporate name is San Juan Citizens Alliance. We are an IRS-approved 501(c)3 non-profit charitable organization; our tax exempt identification number is 84-1447465.
We’ve provided the preceding examples for informational purposes only. San Juan Citizens Alliance is not in a position to offer financial or estate planning advice. We recommend reviewing any gift plan with your attorney and financial advisors.
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