Do not store up for yourselves treasures on earth, where moth and rust consume and where thieves break in and steal; but store up for yourselves treasures in heaven. - Matthew 6:19-20a
The simplest form of a bequest is an outright bequest. It can take the following forms:
General Bequest: This specifies a fixed amount to be given to St. John the Divine. Typical wording is: "I give, devise, and bequeath to St. John the Divine Memorial Endowment Fund $XXX.XX."
Percentage Beqest: In this case, the bequest is expressed as a percentage of an estate or residuary estate. For example: "I give, devise, and bequeath to St. John the Divine Memorial Endowment Fund XX% of my estate."
Contingent Bequest: It is also possible to name St. John the Divine Memorial Endowment Fund as an alternate beneficiary to provide for a situation where the primary beneficiary dies before you or disclaims the property. This will ensure that the estate will be distributed to beneficiaries you select rather than unintended recipients.
Residual Bequest: It is possible to give St. John the Divine the property that remains after other specific bequests have been made. A typical residuary bequest is: "All the residue of my estate, including real and personal property, I give, Devise, and bequesth to St. John the Divine Memorial Endowment Fund."
Bequests can take other forms, for example provision of financial support to family members during their lifetime, after which assets pass to St. John the Divine. Parishioners are encouraged to contact their estate planning advisors for specific bequest language.