A bequest is an instruction directing some or all of your estate be gifted to a charity or cause. There are several options:
• You can give a specific amount to ROMAC (the simplest form of bequest).
• You may leave the residue of your estate to ROMAC after providing for family and friends.
• You may leave an item or items, such as shares and debentures, works of art, or other items of value. Due to possible taxation ramifications, you should discuss this option with your solicitor.
• You may leave a portion of your estate to ROMAC, such as 50%, 20%, or 10%. With this option, the portions of your estate left to family and friends (and to ROMAC) will not be affected by changes in the size of your estate.
You don’t have to be wealthy to make a bequest. Whatever you choose to give will make a real difference.
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