Bequests are the most common and simplest form of planned gift that Howard University School of Law has been fortunate to receive. A bequest is a gift - large or small - that is made through a donor’s will. Individuals may include Howard University School of Law in their wills by naming the School for a specific dollar amount (called a “legacy”), a specific asset, or a percent share of their estate. Donors can also name the School as the residual beneficiary of their estates after the payment of bequests to others.
Donors do not owe any federal estate tax on the amount of the bequest. Many states allow full inheritance tax deductions as well.
updated: May 21, 2013