Leaving Money To Charity
Donating To A Charity
Leaving money to a charity in your will is relatively straightforward. First, make sure that you have correctly identified the charity and its name, address, and contact information. Also, be sure to get the exact legal name of the charity.
What To Understand
Next, you’ll need to create a new will or amend an existing one with an additional clause specifying that you are leaving money to this particular charity. In this clause, include how much money you plan on leaving them and any specific instructions about how it should be used or distributed (if applicable).
What To consider
Finally, don’t forget to sign and date your will so that everything is properly documented. It may also be helpful to let your family members know that you’ve included a charity in your will so that there aren’t any surprises when the time comes for it to be enacted.