Learn About Wills and Bequests

OVERVIEW

Remembering Guilford College in your will is a wonderful way for you to make a lasting gift. Large or small, your bequest will make an important contribution to the long-term strength of the college and our ability to continue to set the bar for excellence in a liberal arts education.
But what if you don't have a will or living trust? You are not alone. Most Americans don't have a will.

If you die without a will, the laws of your state will decide how your estate is divided. Typically, the probate court will divide your estate among your closest surviving family members according to a formula, and none of your estate can go to Guilford College or any other charity. If you wish to have a say in how your estate is distributed, you must have a will or living trust. We encourage you to work with an experienced attorney to create a will or living trust that accomplishes your goals for your estate.

Bequests

A charitable gift from your estate is a favored method of giving that enables you to achieve your financial goals and benefit Guilford College. A bequest is a gift made to a charity in your will or trust. No other planned gift is as simple to make or as easy to change should you ever need the assets during your lifetime.

A bequest may be right for you if:

• You want to make a gift to Guilford College.
• You want the flexibility to change your mind.
• You want continued access to your wealth, should you need it.
• You are concerned about outliving your resources.

What are the benefits of making a bequest?

1. You leave a lasting legacy to be remembered
2. Bequests may be made for a general or specific purpose.
3. There are no limitations on bequest gifts
4. You lessen the burden of taxes on your family, as exempt from federal estate taxes
5. You may receive estate tax savings

How can I learn more?

How do I make a bequest?

What are my options?

1. You can gift a specific dollar amount or asset
2. You can gift a percentage of your estate
3. You can gift from the balance or residue of your estate
4. You can make a beneficiary designation of certain assets

How do I get started?