You can create a legacy that will continue to serve women experiencing homelessness through the years by making The Sophia Way a beneficiary of your estate plans. Your generosity will be acknowledged and recognized in our annual report.
Legacies left to certain people or causes that come from the general value of the estate, and are made by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to the cause of your choice.
Made when a particular item or property is bequeathed for a designated purpose (for example, instruments bequeathed to the local school district for use in music education; dollar funds to be used in the operation of a school or church).
Made when you intend to leave the residue portion of your assets after other terms of the will have been satisfied.
Allows you to leave a portion of your estate to a particular charity if your named beneficiary does not survive you.
Without a will, there is no mechanism in place to make a bequest, so here are some steps you should take to make sure your wishes are granted.
Make a list of organizations or causes that you would like to support.
Make a detailed list of your assets (financial, real estate, vehicles, jewelry, collectibles, musical instruments, etc.)
Set up an appointment with your financial analyst, attorney, or planned giving officer at the organization you intend to support. These professionals will help sensitively guide you through the process.