Charitable Gifts & Planned Giving
UCP welcomes all types of gifts and bequests to support its many services. Some examples of outright gifts include gifts of real estate, life insurance, or securities. Bequests are designated in your will.
There are three types of bequests that can be written in your will. These include:
- Specific Bequest – A specific dollar amount, percentage of estate, or property can be designated in your will to go to UCP.
- Residual Bequest – After the estate has paid all expenses, debts and taxes and honored all specific bequests, the remaining amount would be transferred to UCP.
- Contingent Bequest – Under certain circumstances, UCP would receive all or a portion of your estate.
If you have any questions, please contact your lawyer, financial planner or UCP Michigan at 517.203.1200 or toll-free 800.828.2714. There are many resources on the Internet to guide you. One such source is the American College of Trust and Estate Counsel.