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Bequest Gifts
A bequest gift is flexible and can help you support MUSE without using any of your assets today. A bequest gift can be made through your living trust, will or by naming MUSE the beneficiary of your retirement plan, life inusrance policy or savings account.
Wills. Leaving a bequest in your will is a simple process. MUSE can be named as the beneficiary of any dollar amount, a percentage of your estate or a specific set of assets. Your estate is entitled to an estate tax deduction for the full value of the donation.
Living Trusts. By including MUSE in your living trust, you create the same enduring legacy as you would with a will. Living trusts are popular since they eliminate the need for a lengthy and expensive probate process and avoid estate taxes. A living trust also ensures that your wealth will be distributed in accordance with your wishes in the event you become incapacitated.
IRAs and Retirement plans. When choosing which assets to leave to MUSE, you can decide to donate your IRA, 401(k), 403(b), Keogh, or other qualified retirement plan assets. If these funds were left to an individual, they would be subject to income tax after distribution, greatly reducing the ultimate value of your gift. All estate and income taxes are avoided whien retirement plan assets are left to MUSE.
Life Insurance and Savings Accounts. MUSE can be named as the sole or partial beneficiary of a life insurance policy, life insurance annuities, certificates of deposit (CDs), brokerage accounts, and most bank accounts. Contact MUSE or your plan adminstrator for more information.
Sample language for wills and trusts:
I give and bequeath to MUSE, Tax ID #38-3389800, the sum of $_____ (or ____% of the rest and reamainder of my estate, or ____% of my estate).
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