Below is basic information about estate planning.  Please consult your attorney and/or financial advisor about your specific charitable goals.

Definition of a Charitable Bequest: This is a provision in a will, trust, or estate plan that allocates a gift to a designated charity. The most common gifts to nonprofit beneficiaries are cash, securities, and real property, including homes and personal property.

Many wills and trusts are written with language, such as the following example:
I give, bequeath, and devise the sum of twenty-thousand dollars ($20,000) to Our Lady of Lebanon Maronite Catholic Church located at 719 University Place, Lewisville, TX 75067.

The most common gift amounts are usually stated in one of the following ways:

a.   A specific amount, such as the example above;

b.   A percentage amount, such as, “I give, bequeath, and devise ten percent (10%) of my estate to Our Lady of Lebanon Maronite Catholic Church...”

c.   A remainder amount, also called “residue,” such as “After all specific bequests have been paid, I give, bequeath, and devise the remainder of my estate, including real and personal property, to Our Lady of Lebanon Maronite Catholic Church...”

THANK YOU for reading this information and for taking time to consider including Our Lady of Lebanon in your estate plans.

Questions?
Call or email the Church Office:
972-436-7617; [email protected]