Top 5 Questions About Gifts in a Will

Every dollar makes a difference. But what if there was a way you could ensure your support for Blake continues long into the future?

A gift in your will or trust is a simple and effective way to help us see our future a little more clearly. It can be as simple as adding one sentence to your will.

Here are the top five questions we get about gifts in wills.

1. How does it work?

It’s really quite simple: you specify a percentage of your estate or a specific amount of cash, securities or property go to the school after your lifetime. Then Blake uses your gift to support its mission.

Even though it’s an easy way to give, you’ll need the help of an estate planning attorney. They’ll help you craft the language to ensure you meet your personal, financial and philanthropic goals. Feel free to contact Rebecca Schubring at 952-988-3432 or rschubring@blakeschool.org for sample language to get you started.

2. Why would I choose to leave a gift in my will?

Gifts in wills are consistently among the most popular gifts, mostly because they’re so easy to set up.

They’re also popular because you can change your mind at any time — you’re not locked in. You have the option to update or amend your gift at any time during your lifetime. Plus, since you’re not actually parting with assets today, you don’t need to worry that you won’t have enough to live on in the future should your circumstances change.

3. I’ve already included Blake in my will or trust. Do I need to notify you?

Yes, please. You can share your good news with us by calling or sending us an email. That way we can make sure your gift is used exactly as intended.

In addition, we want to thank you for your gift. Your generosity may inspire others to consider a similar gift. Of course we will respect any wishes regarding anonymity, if desired.

4. Do I have a say in how my gift is used?

Absolutely. It’s your gift, so you can let us know your thoughts about how it should be used.

However, most of our donors create an unrestricted gift, which allows us to use the assets to meet our most pressing needs. This is preferred because it allows flexibility as our needs change over time.

If you wish to support a specific program or fund, please share that information with us and we will work with you to accommodate your request.

5. How do I get started?

First, decide how much you would like to give and what to give — you can fund a gift with cash, securities, property or other assets. Remember, even a small amount can make a big difference to those we serve.

Then, share our sample will language with your estate planning attorney to create the gift. It’s that simple!

Let Us Know

Even a gift of 5-10 percent of your estate can make a big difference to Blake. Contact Rebecca Schubring at 952-988-3432 or rschubring@blakeschool.org to learn more about supporting our work through your will or trust.

The information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.

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511 Kenwood Parkway, Minneapolis, MN 55403
301 Peavey Lane, Wayzata, MN 55391
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