Page 3 - Six Strategies | Wilson Society | Eastman School of Music

Including the Eastman School of Music 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, you should 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 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.

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.