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How to Name Easterseals as a Beneficiary

There are many options for making Easterseals a beneficiary of your estate. The
two most common and most flexible are a gift by bequest or a gift of retirement
plan assets. A brief description of these gifts follows. To discuss other gift
options, consult with your advisor or contact our Easterseals Vice President - Gift
Planning Susan Moor at 386-944-7820 or smoor@esnecfl.org.

Bequests
Below are the most common kinds of bequests, with sample language for naming
Easterseals as a beneficiary. You may also change your beneficiaries at any time, should
your circumstances change.

Residual Bequest
Gives what’s left after your friends and loved ones are provided for. This is a very popular
choice for charitable bequests, because it ensures that loved ones receive their distribution
before any distribution to charity.

“I devise the residue of my estate, after the satisfaction of all specific bequests and
the payment of all taxes and other costs attending my death, to Easterseals
Northeast Central Florida, Inc., a not-for- profit corporation, Tax ID# 59-0722785, with
principal offices currently located at 1219 Dunn Avenue, Daytona Beach FL 32114.”

General/Fixed Dollar Bequest
A stated sum of money, usually cash, to a beneficiary.

“I bequeath the sum of $_______ dollars to Easterseals Northeast Central Florida,
Inc., a not-for-profit corporation, Tax ID# 59-0722785, with principal offices currently
located at 1219 Dunn Avenue, Daytona Beach FL 32114.”

Percentage Bequest
Enables your bequests to grow as your assets grow.

“I bequeath to Easterseals Northeast Central Florida, Inc., a not-for-profit corporation,
Tax ID# 59-0722785, with principal offices currently located at 1219 Dunn Avenue,
Daytona Beach FL 32114, an amount equal to ______ percent of the net value of my
estate as finally determined for federal estate tax purposes.”

Contingent Bequest
Assumes you want to leave your entire estate to family and friends. However, in the event
that you outlive any of your beneficiaries, it provides an opportunity to designate Easterseals
to receive that portion of the estate.

“In the event that (name of the beneficiary) does not survive me, I designate Easterseals
Northeast Central Florida, Inc., a not-for-profit corporationTax ID# 59-0722785, with
principal offices currently located at 1219 Dunn Avenue, Daytona Beach FL 32114 as the
devisee of this bequest of (see above for language specific to different types of
bequests.)”

Gifts of Retirement Plan assets
Because retirement plans are taxed differently than most assets, they may actually become
a tax liability to individual heirs. Retirement funds may be subject to both estate and income
taxes. Donating a specific dollar amount or a percentage of a retirement plan to a tax-exempt
organization like Easterseals may, therefore, be an attractive option. Here is language you
can use to name Easterseals, along with other beneficiaries: “Easterseals Northeast Central
Florida, Inc., a not-for-profit corporation, Tax ID# 59-0722785, with principal offices currently
located at 1219 Dunn Avenue, Daytona Beach FL 32114.”

Gifts of Bank Accounts, Certificates of Deposit or Brokerage Accounts
By placing a payable on death (POD) designation on your bank account or certificate of
deposit, you can name Easterseals as the beneficiary of all the funds upon your death. By
placing a transfer on death (TOD) designation on your brokerage or investment account,
you can name Easterseals as the beneficiary of all, or a percentage of, the account. Simply
contact your bank or brokerage firm for the appropriate form.

Gifts of Life Insurance and Commercial Annuities
You can name Easterseals as the beneficiary of all, or a percentage of, your life insurance or
commercial annuity. Simply contact your bank or insurance company for a beneficiary designation form.

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