Help build a lasting tribute to the legacy of Historic Trappe, by leaving a bequest.
A will is essential if you wish to make a bequest to Historic Trappe. You should consult a lawyer, whether you are making a will for the first time or revising an existing will. We will be happy to assist you or your lawyer by providing or reviewing the language for any proposed form of bequest. Please be assured that all inquiries are confidential and place you under no obligation.
Types of gifts through wills:
Legacies Historic Trappe receives a specified dollar amount.
Specific bequests Historic Trappe receives specified assets, such as artwork, stock, real estate holdings, partnership interests, or other tangible personal property (e.g., jewelry, antiques, or rare books).
Residuary bequests Historic Trappe receives all or a percentage of the remainder of your estate after specific legacies, debts, taxes, and estate expenses have been deducted.
Bequests to charitable remainder trusts One or more named beneficiaries receive an annual or quarterly amount from the trust. Upon the death of the last beneficiary, all or part of the assets revert to Historic Trappe.
Bequests to charitable lead trusts An amount from the trust is paid to Historic Trappe quarterly or annually, for a specified period of years, usually 15 or more. Upon the expiration of the trust, the assets pass to your named beneficiaries at a reduced estate tax rate.
Contingent trusts This type of gift transfers property to Historic Trappe only if your named beneficiaries do not survive you.
This material describes some of the more common bequests and provides sample language for each. Although your estate plan should be tailored to your financial needs and prepared by your attorney in consultation with your financial and tax advisors, we are able to discuss any of these techniques with you.