Learn About Wills and Bequests
What are the benefits of making a bequest?
- You leave a lasting legacy to be remembered
- You lessen the burden of taxes on your family
- You may receive estate tax savings
How can I learn more?
How do I make a bequest?
A Word of Caution about Bequests
Making Bequests Through Your Will
Only assets that have no identifiable beneficiary designation will pass through your will.
Most assets, including bank and investment accounts, have an option for a beneficiary designation using a Payable on Death agreement (POD) or Transfer on Death agreement (TOD). Living and testamentary trusts, life insurance annuities and all qualified retirement plans have inherent beneficiary designations. None of these assets pass through your will.