• Residuary bequest—names the HaysMed Foundation as recipient of all or a percentage of the remainder of the estate after specific bequests have been fulfilled.
  • Specific bequest—states a specific amount or specific asset. It may be a gift of cash, securities or a gift of real estate or tangible personal property.
  • Contingent bequest—takes affect only if all primary beneficiaries named in the will are predeceased.  Declaring the HaysMed Foundation a contingent beneficiary can prevent the property from going to the State if there are no heirs.
  • Testamentary trust—designates that part or all of the estate is left in a trust, with income and/or principal paid to the HaysMed Foundation.

Sample bequest clauses for: