Bequests are one of the easiest and most significant ways you can make a gift to Barnesville Hospital. Your gift will assist us to provide quality healthcare to area residents and will leave a lasting legacy by which others may remember you. Bequests can be made by preparing a new will or adding a codicil (addition) to your present will with the advice of your attorney and other advisors.
A gift of personal property specified in a will is called a bequest. Since a will does not become effective until death, giving by will allows for great flexibility. As long as you are mentally competent, you may change your will at any time. A gift through a will allows you to retain control of your assets during your life and yet make a significant gift at death.
Restricted Versus Unrestricted Bequest
A restricted bequest is a gift which may only be used for a stated purpose, while an unrestricted bequest is for general purposes. For example, you may make a bequest to Barnesville Hospital to be used as the hospital sees fit (unrestricted bequest) or your bequest may state a specific purpose, such as the building fund (restricted bequest).
Sample Will Clauses
Unrestricted Bequest: I give and bequeath to Barnesville Hospital Association, Inc., of Barnesville, Ohio __________________ (insert a dollar amount or a percent of the estate) for its general purposes.
Restricted Bequest: I give and bequeath to Barnesville Hospital Association, Inc., of Barnesville, Ohio __________________ (insert a dollar amount or a percent of the estate) to be used for the building fund.
No one can predict the future. One of the most attractive aspects of giving through your will is if you need to use your funds or sell property during your lifetime you are free to do so. If your will gives certain funds or property to an individual or charity, the gift is not effective if you no longer have the funds or own the property at the time of death.
Let Us Know
Your will allows you to express your values by remembering those people and organizations you cherished during your lifetime. We hope you will tell us when you have named Barnesville Hospital in your will, as we would welcome the opportunity to thank you for your generosity and to learn specifically how you would like your gift to be used. The hospital would be pleased to discuss options for giving through your will with you, your family, your financial advisor, or your attorney.