Page 6 - Wilson Society Six Strategies - Spring 2023 | University of Rochester

Including the University of Rochester in Your Will

A BEQUEST IS SIMPLE AND CONVENIENT AND PROVIDES YOU
WITH A NUMBER OF OPTIONS
You can make a bequest for a specific dollar amount or for a percentage
of your estate. You can designate your bequest for general use, or you
can restrict its use.

Many people establish endowments that honor the memory of a family
member or another loved one. These endowments live forever, because
only the income is used annually. Since a will is an important legal
document, we recommend that you seek an attorney’s help.

Here are some examples of different types of bequests:

• Specific bequests are used to make a gift of a specific dollar
amount, or with specific assets such as securities, real estate,
or personal property.
• Residuary bequests are used to give all or a portion of the rest,
residue, and remainder of your estate after payment of expenses
and any specific amounts designated to heirs or other beneficiaries.

To assist you with this important process, please consider contacting
us for suggested wording and to document your wishes, visit
www.rochester.giftplans.org and click on “Ways to Give.”

Beneficiary Designation of Life Insurance
or Retirement Assets

Name the University as a beneficiary on the form provided by your asset
manager. Review the form with your attorney to discuss how such a gift
can be incorporated in your plan. Life insurance and retirement assets
that pass directly to the University are preserved 100 percent free of tax
and your estate is also eligible for a charitable tax deduction. To learn
more, visit www.rochester.giftplans.org or contact us.