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One advantage of giving by Will is the flexibility it offers. Four of the most popular forms bequests can take are: A fixed amount of money or a designated property: "I give and bequeath to the Franciscan School of Theology, located in Berkeley, California, $__________" or describe the real or personal property, including exact location. A percentage of the estate: "I give and bequeath to the Franciscan School of Theology, located in Berkeley, California, ___% of my estate." A residual bequest: "All the residue of my estate, including real and personal property, I give and bequeath to the Franciscan School of Theology, located in Berkeley, California." A double-purpose bequest. You can provide a relative or friend with income for life through a special gift to the Franciscan School of Theology. You can do this by establishing a charitable trust through your Will. Upon your death, the trust pays income to the person you designate. After that person's death, whatever remains in the trust passes to the Franciscan School of Theology. Speak to your legal advisor. If you wish to have your bequest applied to a specific Franciscan School of Theology program simply add "_for the benefit of [name of program]" to the language suggested above.
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