Bequest

A bequest is a gift made through your will to a person or an entity such as the Parish or School.
Language for for three common types of bequests is provided below.

For more information, contact our bookkeeper Paula Bansek: 
[email protected]
440-282-9103 x116

 
Specific Bequest
For gifting a specific dollar amount, for example, $10,000. Sample wording:
In gratitude for all God has given me, I give, devise and bequeath to St. Peter Parish, 3655 Oberlin Ave., Lorain, Ohio 44053, the sum of $________________ (or description of a specific piece of property.)*
 
Residuary Bequest
For gifting a percentage of assets remaining in the estate after debts, taxes, expenses and specific bequests have been paid. Sample wording:
In gratitude for all God has given me, I give, devise and bequeath to St.  Peter Parish, 3655 Oberlin Ave., Lorain, Ohio 44053,  ________________ (state the fraction or percentage ranging from 1% to 100%, for example 20%) of the remainder of my estate after all debts, taxes, and family bequests have been paid.*
 
Contingent Bequest
This bequest will take effect IF and ONLY IF those you have remembered in your will are no longer living when you pass. Sample wording:
"If _________________________________________ (name or names) does not survive me, I give and devise the sum of $_______________________ (or description of a specific piece of property) to St. Peter Parish, 3655 Oberlin Ave., Lorain, Ohio 44053.

*Wording provided is merely suggested. Individual should consult legal counsel to write and/or adapt language to fit the personal situation of the individual.