In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to the University of Miami in your estate plan. We have provided some sample basic bequest language to assist you and your attorney.
1. Specific Bequest
If you are considering making an outright bequest in your estate plans to the University of Miami, we recommend the following language:
Bequest of a Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to the University of Miami, a nonprofit organization organized and existing under the laws of the State of Florida and located at 6200 San Amaro Drive, Suite 300, Coral Gables, FL, 33146, Federal Tax ID #59-0624458, for the purpose of _____________.
Bequest of Specific Personal Property
I hereby give, devise and bequeath [DESCRIPTION OF PROPERTY] to the University of Miami, a nonprofit organization organized and existing under the laws of the State of Florida and located at 6200 San Amaro Drive, Suite 300, Coral Gables, FL, 33146, Federal Tax ID #59-0624458, for the purpose of _____________.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at [ADDRESS OR DESCRIPTION OF PROPERTY] to the University of Miami, a nonprofit organization organized and existing under the laws of the State of Florida and located at 6200 San Amaro Drive, Suite 300, Coral Gables, FL, 33146, Federal Tax ID #59-0624458, for the purpose of _____________.
2. Percentage Bequest
If you are considering making a bequest of a percentage of your estate to the University of Miami, we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to the University of Miami, a nonprofit organization organized and existing under the laws of the State of Florida and located at 6200 San Amaro Drive, Suite 300, Coral Gables, FL, 33146, Federal Tax ID #59-0624458, for the purpose of _____________.
3. Residual Bequest
I hereby give, devise and bequeath the rest, residue and remainder of my estate to the University of Miami, a nonprofit organization organized and existing under the laws of the State of Florida and located at 6200 San Amaro Drive, Suite 300, Coral Gables, FL, 33146, Federal Tax ID #59-0624458 to be used for the purpose of _____________.
4. Contingent Bequest
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath [DESCRIPTION OF PROPERTY] to the University of Miami, a nonprofit organization organized and existing under the laws of the State of Florida and located at 6200 San Amaro Drive, Suite 300, Coral Gables, FL, 33146, Federal Tax ID #59-0624458, to be used for the purpose of _____________.
Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language so that your wishes regarding your gift are met.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give the University of Miami flexibility should it no longer be possible for the University of Miami to use your gift as you originally intended:
"If, in the opinion of the President or Executive Committee of the Board of Trustees of the University of Miami, it shall become impossible for the University of Miami to use this bequest to accomplish the specific purposes of this bequest, the University of Miami may use this gift for any related purposes, which in the opinion of the President or the Executive Committee of the Board of Trustees will most nearly accomplish the restricted purpose of my bequest."
Contact Us
Please
contact us if you have any questions about how to make a bequest to the University of Miami or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.
If you have included a bequest for the University of Miami in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.
