Wills and Bequests
Your will is an important part of your estate plan. It provides a flexible planning tool for fulfilling personal wishes, and it benefits SDSM&T.
You determine to whom, how and when your property will be distributed.
You designate a specific dollar amount, a percentage of your estate or the balance of your estate after other bequests (residual amount).
Show me sample bequest language
You determine if your bequest is to be unrestricted which permits the SDSM&T Foundation to make the decision as to the best use of your bequest to further assist the South Dakota School of Mines & Technology, or you may wish to restrict your bequest, i.e. to a scholarship fund, a departmental assistance account, etc.
Bequests to SDSM&T may be directed to the "SDSM&T Foundation" which will assist the South Dakota School of Mines & Technology. The SDSM&T Foundation is a 501(c)(3) charitable organization and your bequest will be tax deductible.
A charitable bequest can be tailored to almost any set of circumstances, and it provides a 100% deduction for estate tax purposes.
We recommend you consult your attorney.
Send me additional information on estate planning and/or suggestions as to the use of my bequest.