A convenient donation option to the YRCC that benefits the residents and communities in the Yarnell region is through a bequest. Your gift of  personal property through a Will or Living Trust honors your commitment  to improving the health of the region's residents and communities. Your gift can be acknowledged by a plaque in the YRCC's  dining room and in YRCC publications. When developing your estate  plan with your tax advisor and lawyer consider giving to the YRCC  through your Will or Living Trust. Always consult your financial and  legal advisors when making decisions about your estate. The following  only provides basic information about bequests.

Donating to the YRCC through your Will or Living Trust does not  provide you with an immediate tax benefit, but it does provide your  beneficiaries with a reduction in the estate tax. Your charitable  deduction as declared in your Will can be in the form of cash (e.g.,  designating a bank account), or property (e.g., the title to a house or  land). Having a Will alone does not allow your estate to avoid the time  and costs of probate. When you have a Living Trust, your trustee can  transfer your property quickly and easily without probate. Charitable  bequests may be unrestricted or restricted.

1) Unrestricted: an unrestricted bequest enables the YRCC to use the funds provided to meet the areas of greatest need.

2) Restricted: A restricted charitable bequest requires the YRCC to use your gift in a specific manner.

Four basic types of bequests you can make through your Will:

1) Pecuniary Bequest: A fixed stated sum of money designated in your Will.

2) Specific Bequest: A designated or specific item of property that may be sold by the organization to use the proceeds.

3) Residuary Bequest: A gift of all or a portion of your assets  after all other bequests have been made, and debts and taxes are paid.

4) Contingent Bequest: A gift made on the condition of a certain event happening.

Sources: 1 and 2