How to include Citizens Utility Board in my will:
Donors may make charitable gift by naming Citizens Utility Board as a beneficiary in their wills. The federal government encourages these gift or bequests, by allowing an unlimited estate tax charitable deduction. In addition, a charitable bequest may place your estate in a lower estate tax bracket.
To make a bequest to Citizens Utility Board, the following language will be helpful to your lawyer:
I give, devise, and bequeath to Citizens Utility Board the sum of _____________
(or otherwise describe the gift or specify a percentage of the estate).
There are three ways you can make a bequest:
We make no claims regarding the accuracy of the above information or the tax consequences stemming from your use of it. Please consult with your own tax, legal, or financial planning advisor.