Bequests: Wills and Trusts
Giving to the University of North Georgia through your will or trust is often referred to as a “bequest.” A bequest can include cash, securities, real estate or personal property.
You can make a bequest for a percentage of your estate or for a certain dollar amount. You can designate your bequest for general use or you can restrict its use for a specific purpose at the University of North Georgia. Many individuals establish endowments that honor the memory of a family member or another loved one. These endowments live forever, since only the income is used annually.
Since a will is an important legal document, you should seek an attorney’s help. To assist you with this important process, we offer some suggested bequest wording below.
Why make a bequest to UNG?
Tax Savings — A charitable gift through your estate may reduce estate taxes.
Retain Assets — A bequest allows you to retain your assets during your life.
Retain Control — you may change the beneficiaries of your estate at any time.
Join the Legacy Society — Your gift may allow the University of Florida to recognize you as a member of our Legacy Society.
Sample Bequest Language
The following includes several examples of suggested bequest wording to benefit the University of North Georgia. Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage you to share your final will provision with the University of North Georgia Foundation, Inc. to ensure that your wishes will be properly followed and recognized.
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Let us know if you have already included UNG in your will.
An Example of How it Works
When John and Julia Smith got married and created a will, they included a $25,000 gift to UNG. As the family grew to include four children, John and June decided to revies their gift to ensure their cildren’s future financial security.
They met with their attorney and revised the gift language so that UNG received a percentage of their estate, instead of a specific amount. John and Julia now rest easy knowing their plans will provide for the people the charitable work they love.
Fund Your Donation With:
Cash
Appreciated Securities
Real Estate
Tangible Personal Property
Closely Held Stock
Life Insurance
Retirement Plan Assets
For questions, please contact Directors of Estate & Gift Planning Jeff Boggan, jeff.boggan@ung.edu or Wendi Huguley, wendi.huguley@ung.edu.