How to Include the Friends of the Prescott Public Library in Your Will

The following examples illustrate a variety of bequest techniques. You should consult an attorney to adapt this language to your individual circumstances as part of your overall estate plan.

A specific bequest is a gift of a particular dollar amount or a particular piece of property. For example:

“I bequeath [dollar amount or description of property] to the Friends of the Prescott Public Library, a nonprofit corporation whose address is PO Box 1765, Prescott, Arizona, 86302.”

A residuary bequest is a gift of all or part of the property remaining in your estate after debts, expenses, and specific bequests have been paid. When you use a percentage instead of a specific amount, your gift will stay relatively the same in proportion to your entire estate, regardless of unexpected increases or decreases in its value. For example:

“I give, bequeath, and devise [all, or ___percent of] the rest, residue, and remainder of the property, both real and personal, wherever situated, which I may own or be entitled to at my death, to the Friends of the Prescott Public Library, a nonprofit corporation whose address is PO Box 1765, Prescott, Arizona, 86302.”

A contingent bequest is a gift that takes effect only if the primary beneficiary or beneficiaries of the bequest predecease you. For example:

 “If neither my spouse nor any descendant of mine survives me, then I give, bequeath, and devise all the rest, residue, and remainder of the property, both real and personal, wherever situated, which I may own or be entitled to at my death, to the Friends of the Prescott Public Library, a nonprofit corporation whose address is PO Box 1765, Prescott, Arizona, 86302.”

As in the examples provided above, the Friends full legal name is the Friends of the Prescott Public Library. The Friends legal address is PO Box 1765, Prescott, Arizona, 86302; the Friends Federal Tax Identification Number (TIN) is 23-7088943.