A residuary bequest is a gift of all or part of your property remaining in your estate after debts, expenses, and specific bequests have been paid. When you make your residual bequest a percentage of your remaining estate instead of a specific amount, your gift will remain in the same proportion to your entire estate, regardless of unexpected increases or decreases in its value. For example:
I give, bequeath and devise (all or ___ % of) the rest, residue and remainder of the property, both real and personal, wherever situated, which I may own or be entitled to at my death, to Lake-Geauga Habitat for Humanity.”
Should you wish to direct your bequest to a specific purpose other than general purposes, please contact Lake-Geauga Habitat for Humanity to discuss your intentions.