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To name us in your will, use the following legal language:
Historic Charleston Foundation, a non-profit corporation, organized and existing under the laws of South Carolina and with principal business address of 40 East Bay Street, Charleston, SC 29401
Types of Bequests
There are several types of bequests that allow you to designate how your estate will be distributed.
- Specific Bequest:
You describe exactly what you want to leave to a specific individual or organization and the designated source. If you want to
leave a specific dollar amount from a specific source or a particular item (such as an antique or collector's item), this is the
type of bequest that you would use.
Example: Kathryn states in her will: "I leave my diamond engagement ring to my granddaughter, Sarah. I also leave my securities to Historic Charleston Foundation."
- General Bequest:
This type of bequest does not specify the source from which it should be paid. This gives your executor the flexibility to honor the bequest from any available source.
Example: Kathryn states in her will: "I leave $50,000 to my son, William."
- Residuary Bequest:
This type of bequest is honored after all other bequests have been made, and all debts, expenses and taxes have been paid.
Example: Kathryn states in her will: "I give all the rest, residue and remainder of my real and personal estate to Historic Charleston Foundation."
- Contingent Bequest:
This type of bequest is fulfilled if certain conditions are met. For instance, if your primary beneficiary does not survive you, you
can indicate your next choice through a contingent designation.
Example: Kathryn states in her will: "I give all the rest, residue and remainder of my real and personal estate to my husband, John, if he survives
me; if not, then 50 percent in equal shares to my children who survive me and 50 percent to Historic Charleston Foundation."
Information provided on our website is not intended to be tax or legal advice. Please consult a qualified financial adviser before making a gift.
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