Contributions to Saint John’s Preparatory School can be made through your Will. This can be accomplished by designating a fixed dollar amount, or a percentage of your estate, or the entire residue from your estate to SJP upon your death. Using a contingent bequest, you may specify that the gift be made to Saint John’s Prep under a certain condition, such as a family member predeceasing you.

Using the power and the ease of a bequest, a significant gift can be made to Saint John’s Preparatory School, perhaps to a greater extent than would be possible during your lifetime. All charitable bequests are removed from the value of your estate and are free from estate or income taxes.

If you do not have a Will, now would be a good time to make an appointment with a qualified attorney to have one prepared. Having a Will can provide peace of mind and is the only way of legally assuring that your estate will be managed in the manner you wish. If you already have a Will, but haven’t named Saint John’s Prep as a beneficiary, a codicil to your Will is very simple and inexpensive.

It is important to use the correct language in your beneficiary designations so that your wishes can be strictly and accurately carried out. When naming the Prep School as a beneficiary, be sure to write, “…Saint John’s Preparatory School, as conducted by the Order of Saint Benedict, Collegeville, Minnesota.”

SUGGESTED WILL BEQUEST LANGUAGE

“I give, devise and bequeath to Saint John’s Preparatory School, as conducted by the Order of Saint Benedict, Collegeville, Minnesota, (insert dollar amount or percentage of estate or description of property, Etc.), to be used for the benefit of said School.”

SUGGESTED CODICIL (Simple Amendment) TO LAST WILL AND TESTAMENT

“I, (your name), hereby amend my Last Will and Testament, executed on the ____ day of ____, in the year ____. I direct that all provisions of that Will remain in effect, but direct in addition that Saint John’s Preparatory School, as conducted by the Order of Saint Benedict, Collegeville, Minnesota, shall receive (insert dollar amount or percentage of estate or description of property, Etc.) to be used for the benefit of said School.”

If you would like additional information regarding estate planning, please visit us, phone, e-mail, or write.

NOTE: This information should not take the place of competent, qualified legal advice. Examples are hypothetical. This is not legal advice.