Category: Immigration News

Bequests to AIC Foundation

Leaving money or property to AIC Foundation can be accomplished in the same way as leaving it to relatives or friends. Although there are many variations, bequests generally can be divided into two classes, specific and residual: A specific request is a will provision which designates a particular piece of property or sum of money to the recipient. Example: “I bequeath to the American Immigration Control Foundation Inc., a Virginia non-profit corporation, Monterey, VA, one hundred shares of XYZ Company stock [or the sum, of $........] for its general purposes.”

A residual bequest disposes of the part of the estate remaining after all other claims and bequests are taken care of. Example: “I bequeath all [one half] of the rest, residue and remainder of the property owned by me at my death, real and personal and wherever situated, to the American Immigration Control Foundation Inc. a Virginia non-profit corporation, Monterey, VA for its general purposes.” Both specific and residual bequests can include contingent bequests to provide for an alternative disposition of the inheritance if the primary beneficiary is no longer living when the will is implemented. Example: “ I bequest to my sister Jane Doe the sum of $......, but if she does not survive me, then I bequeath the same to the American Immigration Control Foundation Inc. a Virginia non-profit corporation, Monterey, VA for its general purposes.”

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