Houston Texas Disposición en fideicomiso testamentario con legado a la caridad para un propósito caritativo declarado - Provision in Testamentary Trust with Bequest to Charity for a Stated Charitable Purpose

• Category: Fideicomisos - Benéficos
• State: Multi-State
• City: Houston
• Control #: US-0658BG
• Format: Word

Description

This form is a sample provision in a testamentary trust with a bequest to charity for a stated charitable purpose. A Houston Texas Provision in Testamentary Trust with Bequest to Charity for a Stated Charitable Purpose is a legal provision within a trust created in the state of Texas. This provision allows the trust's creator (also known as the granter or settler) to allocate a bequest to a charitable organization for a specific charitable purpose outlined in the trust. In such trusts, the granter includes language that designates a specific charity as the beneficiary of a charitable bequest. The charitable purpose must be clearly stated within the trust document, and it can range from supporting education, healthcare, environmental conservation, or any other recognized charitable cause. There are several types of Houston Texas Provisions in Testamentary Trusts with Bequests to Charity for a Stated Charitable Purpose. Some commonly used provisions include: 1. General Charitable Bequest: This provision allows the trust creator to allocate a specific dollar amount or percentage of the trust's assets to a charitable organization for a stated charitable purpose. 2. Specific Charitable Bequest: In this provision, the granter designates a particular asset or property to be given to a charitable organization for a specific charitable purpose. For example, donating a piece of real estate to a charity for building an educational facility. 3. Residuary Charitable Bequest: This provision designates that the remainder or residue of the trust's assets will be distributed to a charitable organization for a stated charitable purpose after all other distributions and expenses have been made. 4. Charitable Trust: Instead of directing funds or assets to a specific charity, the granter establishes a charitable trust, naming specific charitable purposes and potentially multiple charitable beneficiaries. This type of Houston Texas Provision in Testamentary Trusts allows for ongoing support of the designated charitable purposes over a specified period or in perpetuity. It is important for granters to consult with legal professionals experienced in estate planning and trust law to ensure the accurate and proper inclusion of these provisions in their testamentary trusts. Additionally, the respective charitable organizations must meet the legal requirements for charitable status as outlined by the Internal Revenue Service (IRS) and comply with the regulations set by the state of Texas to receive the bequests. Overall, a Houston Texas Provision in Testamentary Trust with Bequest to Charity for a Stated Charitable Purpose allows individuals to create a lasting impact on charitable causes they care about, ensuring their assets are utilized to support causes that align with their values and philanthropic goals.

A Houston Texas Provision in Testamentary Trust with Bequest to Charity for a Stated Charitable Purpose is a legal provision within a trust created in the state of Texas. This provision allows the trust's creator (also known as the granter or settler) to allocate a bequest to a charitable organization for a specific charitable purpose outlined in the trust. In such trusts, the granter includes language that designates a specific charity as the beneficiary of a charitable bequest. The charitable purpose must be clearly stated within the trust document, and it can range from supporting education, healthcare, environmental conservation, or any other recognized charitable cause. There are several types of Houston Texas Provisions in Testamentary Trusts with Bequests to Charity for a Stated Charitable Purpose. Some commonly used provisions include: 1. General Charitable Bequest: This provision allows the trust creator to allocate a specific dollar amount or percentage of the trust's assets to a charitable organization for a stated charitable purpose. 2. Specific Charitable Bequest: In this provision, the granter designates a particular asset or property to be given to a charitable organization for a specific charitable purpose. For example, donating a piece of real estate to a charity for building an educational facility. 3. Residuary Charitable Bequest: This provision designates that the remainder or residue of the trust's assets will be distributed to a charitable organization for a stated charitable purpose after all other distributions and expenses have been made. 4. Charitable Trust: Instead of directing funds or assets to a specific charity, the granter establishes a charitable trust, naming specific charitable purposes and potentially multiple charitable beneficiaries. This type of Houston Texas Provision in Testamentary Trusts allows for ongoing support of the designated charitable purposes over a specified period or in perpetuity. It is important for granters to consult with legal professionals experienced in estate planning and trust law to ensure the accurate and proper inclusion of these provisions in their testamentary trusts. Additionally, the respective charitable organizations must meet the legal requirements for charitable status as outlined by the Internal Revenue Service (IRS) and comply with the regulations set by the state of Texas to receive the bequests. Overall, a Houston Texas Provision in Testamentary Trust with Bequest to Charity for a Stated Charitable Purpose allows individuals to create a lasting impact on charitable causes they care about, ensuring their assets are utilized to support causes that align with their values and philanthropic goals.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.