Suggested Bequest Language

Naming Texas Medical Association Foundation as a beneficiary in your estate plan is a simple and lasting way to acknowledge Texas Medical Association Foundation's role in your life.

A bequest to Texas Medical Association Foundation can be included in the body of your will or in an addition to it (a codicil). To name Texas Medical Association Foundation as a beneficiary, please use this language: Texas Medical Association Foundation, Austin, Texas.  You may designate your bequest for a specific purpose and may be made in the following ways:

1. Residuary Bequest—You may state that all or a portion of your estate be given to Texas Medical Association Foundation after specific amounts are distributed to other beneficiaries.
2. Specific Bequest—You may stipulate that a certain percentage of your estate, or a certain dollar amount, or particular securities or other assets be given to Texas Medical Association Foundation.
3. Testamentary Charitable Trust—You may establish a unitrust or annuity trust for specific beneficiaries through your will. The trust principal is transferred to Texas Medical Association Foundation only after the death of the last trust beneficiary.

Sample Bequest Language

The provisions in your will for making a gift to Texas Medical Association Foundation will depend upon the type of gift and your own circumstances. The following are types of sample language that you and your attorney might find helpful when making a provision for Texas Medical Association Foundation.

The Unrestricted Gift

"I give to Texas Medical Association Foundation, Austin, Texas, the sum of $_________ (or _____ percent of my estate; or the property described herein) for its general purposes."

The Restricted Gift

"I give to Texas Medical Association Foundation, Austin, Texas, the sum of $_________ (or _____ percent of my estate; or the property described herein) for the use and benefit of the (insert preferred designation after consulting TMAF website for current options). If at some future time the gift cannot be strictly used as set forth above, it is understood that the officers of Texas Medical Association Foundation may direct that the gift be used to meet the highest priorities of the Foundation."

Residuary

"All the rest, residue, and remainder of my estate, both real and personal, I give to Texas Medical Association Foundation at Austin, Texas, for its general purposes (or describe the specific purpose, if desired)."

Contingency Gift

"I devise and bequeath the residue of the property owned by me at my death, real and personal, and wherever situate, to my husband (or wife), ______________, if he (or she) survives me. If my husband (or wife) does not survive me, I devise and bequeath my residuary estate to Texas Medical Association Foundation Austin, Texas, for its general purposes (or describe the specific purpose, if desired)."