Giving to Max Planck Florida Institute through your will is one of the simplest ways to make a planned gift. Making a bequest is straightforward and easily executed with your attorney. In addition, a bequest to Max Planck Florida Institute can save your estate a significant sum in tax payments if the estate is subject to federal estate tax.
You can name Max Planck Florida Institute as a beneficiary in your will in a number of simple ways:
- If your gift is to be made in cash, you can designate a dollar amount for Max Planck Florida Institute, or you can specify a percentage or fraction of your estate. The latter choice provides a hedge against inflation and unforeseen shrinkage while assuring that your heirs receive their proportionate share of the estate.
- You can name Max Planck Florida Institute as the remainder beneficiary of your estate. Max Planck Florida Institute would receive the residual amount only after specific sums have been paid to individual beneficiaries.
- You can make a contingent bequest by naming Max Planck Florida Institute to receive certain assets only if a named individual, such as a spouse, doesn't survive you. This is a way of putting a loved one's security first.
- You can specify a non-cash gift of securities, real estate or tangible personal property, such as art or antiques.
Gifts of unrestricted funds are the most helpful to Max Planck Florida Institute, but you may designate your gift for a specific purpose if you wish.
