1. A Will is a way to state legally how you would like to dispose of your assets such as cash, stocks, bonds, real estate, and other personal items. This may be done either by assigning a specific amount, or a percentage, of your estate to the individuals and organizations you would like to support.
2. A Bequest is a gift of personal property given through a Will and can include cash, stocks, bonds, real estate and other personal property. The Janaka Foundation handles bequests from those who would like to support the mission of Paramhansa Yogananda through the Ananda Churches of Self-Realization and their associated entities.
3. A Will should be handled by a lawyer to be assured that it is legally valid.
4. A Will should be kept up-to-date and should be amended as your life circumstances change.
5. A Will should be safely stored. There can only be one original of your will, which can be kept either at your lawyers’ office, by your executor, at home or in a bank safety deposit box. Those close to you should know the location of your Will. Only the original of your will is a valid legal document.
Bequest Language to Use for the Janaka Foundation
1. Sample Bequest Language
A. Bequest of the Residue of your estate:
“I leave all [or ____ %] of the rest, residue and remainder of my estate, whether real or personal, and wherever located, to the Janaka Foundation, 14618 Tyler Foote Rd., Nevada City, California.
B. Bequest of a Specific Amount:
“I leave to the Janaka Foundation, 14618 Tyler Foote Rd., Nevada City, California for its general purposes the sum of $ _________.
2. Gifts of Real Estate by Will
“I leave to the Janaka Foundation, 14618 Tyler Foote Rd., Nevada City, California, the real property described as follows: [property description]
14618 Tyler Foote Rd. #242
Nevada City, CA 95959
Tax ID: 94-3400189