Types of Bequests

Click here to download the PDF.

General Bequests: A general bequest comes from the general value of the estate, and is made by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to the Church. General bequest language:

“I give, devise, and bequeath to The Church of St. Ignatius Loyola, located in New York, New York, the sum of $__________ (or description of the specific asset, or state a percentage) to be used for its general purposes.”

Specific Bequest: When a particular item or property is bequeathed to the Church for a designated purpose. Specific bequest language:

“I give, devise, and bequeath to The Church of St. Ignatius Loyola, located in New York, New York, the sum of $__________ (or description of the specific asset, or state a percentage) to be used for the following purpose: (State the purpose).”

Residuary Bequest: This type of bequest is made when you intend to leave the residue portion of your assets to the Church after other terms of the will have been satisfied. Residuary bequest language:

“All the rest, residue, and remainder of my estate, both real and personal, I give to The Church of St. Ignatius Loyola, located in New York, New York.”

Contingent Bequest: St. Ignatius Loyola Church can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

If (insert name) is not living at the time of my demise, I give and devise to The Church of St. Ignatius Loyola, the sum of $_____________ (or all or a percentage of the residue of my estate) to be used for its general purposes.