The Oklahoma Provision in Testamentary Trust with Bequest to Charity for a Stated Charitable Purpose is a special provision that can be included in a testamentary trust in the state of Oklahoma. This provision allows the creator of the trust, also known as the granter or testator, to designate a specific charitable purpose for which the trust's funds will be utilized. When including this provision in a testamentary trust, the granter can specify the charitable purpose they wish to support, such as funding scholarships, medical research, environmental conservation, or any other philanthropic cause. By doing so, the granter ensures that their assets will be used to support a cause that aligns with their values and passions even after their passing. There are various types of Oklahoma Provisions in Testamentary Trusts with Bequests to Charity for a Stated Charitable Purpose, depending on the specific requirements set by the granter. These may include: 1. Traditional Charitable Trust: In this type of provision, the granter designates a charitable purpose and names a specific charitable organization to receive the funds. This could be a local charity or a well-known national or international organization. 2. Charitable Remainder Trust: With this provision, the granter designates a charitable purpose and sets up the trust to provide income for a specific period of time, typically the lifetime of a beneficiary, before the remaining trust assets are distributed to the designated charity. 3. Charitable Lead Trust: In this arrangement, the granter designates a charitable purpose and specifies that a certain amount or percentage of the trust's income or assets be paid to the chosen charity for a specified period of time, after which the remaining assets will be distributed to non-charitable beneficiaries. 4. Charitable Pooled Trust: This type of provision allows the granter to contribute their assets to a trust that is managed collectively with contributions from other donors who share a similar charitable purpose. The pooled trust is managed by a professional trustee who invests the funds and distributes income and principal to various charitable organizations based on the granter's intentions. Including the Oklahoma Provision in Testamentary Trust with Bequest to Charity for a Stated Charitable Purpose in a will or estate plan allows individuals to leave a lasting impact on the causes they care about. It ensures that their assets will continue to support charitable endeavors and make a difference in the community, even after they are gone. Working with an experienced estate planning attorney can help individuals navigate the complexities of drafting such provisions while ensuring compliance with Oklahoma state laws and regulations.