Bequests
Bequests can be stated as a percentage of the estate, the residual of the estate
or a specific dollar amount. There are a number of advantages of bequests:
- They are revocable if circumstances change
- They allow the donor to make a significant gift without an uncomfortable financial
burden during their lifetime
- They are flexible and allow a variety of options for giving
- The donor's estate may be reduced by the amount of the bequest for estate tax
purposes
