Left to certain people or organizations that come from the general value of the estate, made by designating a certain dollar amount, particular asset or fixed percentage of an estate.
Example general bequest language:
“I give, devise, and bequeath to the Foundation for Ripon Medical Center (FRMC) the sum of $_____ (or a description of the specific asset), for the Foundation for Ripon Medical Center (FRMC) and its general purposes.”
Made when a particular sum of money, item or property is bequeathed for a designated purpose (i.e. a specific program, scholarship or fund) within the Foundation.
Example specific bequest language:
“I give, devise, and bequeath to the Foundation for Ripon Medical Center (FRMC), the sum of $___ (or a description of a specific item or asset) for the benefit of FRMC to be used for the following purpose: (state the purpose). If at any time in the judgment of the trustees of FRMC it is impossible or impracticable to carry out exactly the designated purpose, they shall determine an alternative purpose closest to the designated purpose.”
Made when donor(s) intend to leave a residual portion of their assets after other terms of the will have been satisfied.
Example residuary bequest language:
“All the rest, residue, and remainder of my estate, both real and personal, I give to the Foundation for Ripon Medical Center (FRMC), for its general purposes.”
Allows donor(s) to leave a portion of their estate to the Foundation for Ripon Medical Center if named beneficiary does not survive them.
Example contingency bequest language:
“I devise and bequeath the residue of the property, real and personal and wherever situated, owned by me at my death, to (name the beneficiary), if (he/she) survives me. If (name of beneficiary) does not survive me, I devise and bequeath my residuary estate to the Foundation for Ripon Medical Center for its general purposes.”