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After providing for your loved ones, you may decide to give a specific amount, a percentage of your estate, or all or part of what remains after family and/or friends have been remembered. This can be a convenient way to leave a lasting legacy for the benefit of your charitable interests.
You can arrange a bequest with the simple addition of a codicil (?amendment?) to your existing will or trust.
Example: Phillip Braun believes that significant taxes may eventually be due on the value of his estate. He decides that he would like to leave two-thirds of his assets to his family and friends. He expects to distribute the remaining one-thirds of his assets among his charitable interests. Under this plan, there could be substantial tax savings, and by distributing his estate by percentage, the bequests will automatically increase or decrease with the value of his estate, retaining the proportions he intended.
