Wills and Living Trusts

Remembering Montevallo in Your Will

By including the University of Montevallo in your will or living trust, you ensure we can continue creating brighter futures for our students for generations to come. One of the simplest and most popular ways to make a planned gift to the University of Montevallo Foundation is through a bequest in your will. If you would like to create a legacy to support our students and programs after your lifetime, ask your estate planning attorney to add the below suggested wording to your will or living trust.

Unrestricted Bequest Wording

I give, devise and bequeath to the University of Montevallo Foundation, Montevallo, AL, (the sum of $_______ or ____ percent of the rest, residue and remainder of my estate) to be used for the benefit of the University of Montevallo as the University and Foundation may determine.

Restricted Bequest Wording

I give, devise and bequeath to the University of Montevallo Foundation, Montevallo, AL, (the sum of $_______ or ____ percent of the rest, residue and remainder of my estate) to be used for the purpose(s) of _________________________________________________. If such use, in the judgement of the Foundation, loses applicability to the mission of the University, then funds will be used for such purpose(s) as the University shall determine.

Residuary Bequest Wording

I give, devise and bequeath to the University of Montevallo Foundation, Montevallo, AL, (a) all or (b) ____ percent of the rest, residue and remainder of my estate) to be used for the purpose(s) of _________________________________________________. If such use, in the judgement of the Foundation, loses applicability to the mission of the University, then funds will be used for such purpose(s) as the University shall determine.

Contingent Bequest Wording

If the above named legatees or devisees (or beneficiaries) should predecease me, then I hereby give, devise and bequeath the same to the University of Montevallo Foundation to be used for (a) for the benefit of the University of Montevallo as the University may determine or (b) for the purpose(s) of ________________________________________________. If such use, in the judgement of the Foundation, loses applicability to the mission of the University, then funds will be used for such purpose(s) as the University shall determine.

A wealth advisor or other advisors specializing in tax and estate planning will be able to provide advice specific to your priorities and can be a valuable source of information in making the right choice for your situation.