Gifts in Your Will or Trust

Making a gift to Children’s Home Society of Washington in your will or trust is easy to do.  Your attorney can include the necessary language in your will, a codicil to your will, or your revocable living trust.  Here are suggested clauses to include in these documents that you should review with your attorney:

Unrestricted Purpose

I give, devise and bequeath [identify here the specific sum of money, the specific asset or the portion of the residual estate] to Children’s Home Society & Trust Foundation for the benefit of Children’s Home Society of Washington, 2611 N.E. 125th St., Suite 225, Seattle, WA 98125 in such a manner as the Board of Trustees of Children’s Home Society of Washington may direct.

Restricted

I give, devise and bequeath [identify here the specific sum of money, the specific asset or the portion of the residual estate] to Children’s Home Society & Trust Foundation, for the benefit of Children’s Home Society of Washington, 2611 N.E. 125th St., Suite 225, Seattle, WA 98125, specifically for [describe the primary purpose, such as early learning, family finding, family resource centers, child and family counseling, etc. Use general language so that the restriction is not so limited as to prevent Children’s Home Society of Washington from applying the money in the most efficient way.]

If it is determined by the Board of Trustees of Children’s Home Society of Washington that all or part of the gift is no longer needed, or for any reason cannot be used for the stated purpose, then such portion of the gift may be used for other related purposes, which the Board of Trustees deems to be in the best interests of Children’s Home Society of Washington, giving consideration to the original purposes described above.

Please call 206-695-3290 to explore if this option is right for you. This is not professional legal or tax advice. Please consult your professional adviser about the consequences of this gift to your situation.