Bequests
A gift to Hartford Hospital in your will or revocable trust proclaims your confidence that we will continue to pursue our mission and make a difference in the lives of future generations. A bequest is:
- easy to arrange,
- does not affect your assets or cash flow during your lifetime, and
- is revocable.
You may have planned your estate through a revocable trust instead of a will. A transfer to the Hospital from your trust will bring you the same tax and planning benefits as a bequest from a will.
Your bequest or trust distribution to us will reduce the value of your estate for federal estate tax purposes, and will also be exempt from state inheritance taxes.
You Can Make Your Bequest in Several Ways:
A bequest can deliver a specific dollar amount or asset to the Hospital, or it can give us a percentage of the balance remaining in your estate after taxes and specific bequests have been paid. It can also be payable if an individual beneficiary is not able to inherit. Here is some specimen language for your attorney to consider:
| 1. |
Outright Bequest for the Hospital's general uses and purposes.
|
|
A. |
Specific dollar amount. |
|
|
Bequest to Institution
I give and bequeath, absolutely to HARTFORD HOSPITAL, Hartford, Connecticut, the sum of _____________[specify here the dollar amount] DOLLARS for its general uses and purposes. |
|
B. |
Specific percentage. |
|
|
Bequest to Institution
I give and bequeath, absolutely to HARTFORD HOSPITAL, Hartford, Connecticut, an amount equal in value to _____________[spell out here the numbers] PERCENT of my total gross estate for its general uses and purposes. |
| 2. |
Outright Bequest for preferred use by the Hospital |
|
A. |
Specific dollar amount. |
|
|
Bequest to Institution
I give and bequeath, absolutely to HARTFORD HOSPITAL, Hartford, Connecticut, the sum of _____________[specify here the dollar amount] DOLLARS, to be used for the general uses and purposes of Hartford Hospital, it being my preference that it will be used for the _________________________ program. |
|
B. |
Specific percentage. |
|
|
Bequest to Institution
I give and bequeath, absolutely to HARTFORD HOSPITAL, Hartford, Connecticut, an amount equal in value to _____________[spell out here the numbers] PERCENT of my total gross estate, to be used for the general uses and purposes of Hartford Hospital, it being my preference that it will be used for the ______________________ program. |
| 3. |
Residuary Bequest
|
|
A. |
General Use. |
|
|
Residue
I give, devise, and bequeath, absolutely and in fee simple, all the rest, residue and remainder of my estate, of every name and nature, real and personal, including any lapsed or void legacies, but not including any property over which I may hold a power of appointment (all of which is sometimes hereinafter referred to as my "residuary estate"), to HARTFORD HOSPITAL, Hartford, Connecticut, for its general uses and purposes. |
|
B. |
Preferred Use. |
|
|
Residue
I give, devise, and bequeath, absolutely and in fee simple, all the rest, residue and remainder of my estate, of every name and nature, real and personal, including any lapsed or void legacies, but not including any property over which I may hold a power of appointment (all of which is sometimes hereinafter referred to as my "residuary estate"), to HARTFORD HOSPITAL, Hartford, Connecticut, for its general uses and purposes of Hartford Hospital, it being my preference that it will be used for the ________________ program. |
| 4. |
Contingency Bequest |
|
Contingency Beneficiaries
In the even that neither my wife/husband nor any issue of mine shall be living and my Executor or Trustee is holding any property pursuant to the terms of Section ______ hereof, then I direct my Executor or Trustee, as the case may be, to pay over and distribute all of such property to HARTFORD HOSPITAL, Hartford, Connecticut, for its general uses and purposes. |
To learn more about bequests, Email us, complete the Information Request form, or call us at 860-545-2162 so that we can assist you.
|
