Wills, Trusts, and Life Insurance
Bequests are donations that are made through a will or a living trust. You can donate to Military Missions in Actions (MMIA) through your estate planning by naming MMIA in your will for a specific amount or a percentage share of your estate. Another option is to name MMIA as the beneficiary of your estate after the payment of bequests to others. The process is very simple for most bequests. You can refer to MMIA “Bequests Sample Language” (below) for suggested wording. As always, we suggest consulting a legal advisor when drafting a will.
Another way to donate to MMIA is to name our organization as the beneficiary of an existing or new life insurance policy. This is a low-cost option, and your premium payments may be tax-deductible. MMIA must be named as the owner and beneficiary of the insurance policy for it to be tax-deductible.
If you have any questions, please contact us at 919-552-1603 or firstname.lastname@example.org
Bequests Sample Language
The following are suggested forms for bequests that may be used by an attorney or other individual when writing a bequest to Military Missions in Action (MMIA).
An Unrestricted Gift: “I give and bequeath to Military Missions in Action (MMIA), a 501(c)(3) nonprofit corporation headquartered in Fuquay-Varina, North Carolina, the sum of $ (or % of my estate; or the property described herein) for its general purposes.”
A Restricted Gift (Military Missions in Action requires a minimum gift of $10,000 for a restricted bequest): “I give and bequeath to Military Missions in Action, a 501(c)(3) nonprofit corporation headquartered in Fuquay-Varina, North Carolina, the sum of $ (or % of my estate) to be used for (specify purpose). If in the opinion of the Board of Directors of Military Missions in Action, the income or principal cannot be used for the purposes described herein, they may use the principal or income or both for a different but related purpose which best serves the intent of the bequest.”
NOTE of IMPORTANCE: MMIA strongly encourages you to consult with your legal advisors in the drafting of your will. The above information is to serve only as a guideline and not as a substitute for professional legal counsel. Your legal counsel can advise you on the most appropriate way to remember MMIA in your will.