| Bequests |
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| The Central Florida WW2 Museum is a 501(c)(3) non-profit corporation. Your contribution is tax-deductible within the limits prescribed by law. |
Artifact bequests can be made to the Museum by Will or Living Trust. The value of gifts by bequest is
deductible from the value of the estate that is subject to estate tax. This may reduce the rate at which the
remainder of your estate is taxed, thereby preserving the value of the estate passed to heirs.
A bequest is easy to arrange and is not payable until death, so it does not affect your assets or cash flow
during your lifetime. In addition, a bequest is private, your will is not filed or made public until your
death, and it is revocable, you can change the provisions in your will or trust at any time until death.
Gifts can also be made by simply declaring to friends and family members your intention to donate
historical objects to the Central Florida WW2 Museum.
Bequest Facts
A will is your instruction manual to your survivors about how you want your property distributed. It’s a
revocable, private document that only takes affect after your death.
A living trust (revocable trust) is a legal entity that holds assets during your lifetime, then transfers
ownership of them - or benefit from them - upon your death. Unlike a will, a trust must take title to
assets before it can pass them to your survivors.
There is no difference between wills and trusts in how transfers from them are taxed. In some states,
however, the probate and distribution process is simpler with a living trust. Your tax advisors can guide
you in choosing which vehicle will most benefit you.
You can amend a written will or trust to make a gift to the Central Florida WW2 Museum. Your attorney
can prepare the simple document, called a codicil, which adds a new bequest to the Museum. Similarly,
he or she can prepare an amendment to your living trust to add the Central Florida WW2 Museum as a
beneficiary.
The Central Florida WW2 Museum is not engaged in rendering legal or tax advisory services. The above
language is intended solely for general informational purposes. For advice and assistance in specific areas,
the services of legal or tax advisors should be obtained.
deductible from the value of the estate that is subject to estate tax. This may reduce the rate at which the
remainder of your estate is taxed, thereby preserving the value of the estate passed to heirs.
A bequest is easy to arrange and is not payable until death, so it does not affect your assets or cash flow
during your lifetime. In addition, a bequest is private, your will is not filed or made public until your
death, and it is revocable, you can change the provisions in your will or trust at any time until death.
Gifts can also be made by simply declaring to friends and family members your intention to donate
historical objects to the Central Florida WW2 Museum.
Bequest Facts
A will is your instruction manual to your survivors about how you want your property distributed. It’s a
revocable, private document that only takes affect after your death.
A living trust (revocable trust) is a legal entity that holds assets during your lifetime, then transfers
ownership of them - or benefit from them - upon your death. Unlike a will, a trust must take title to
assets before it can pass them to your survivors.
There is no difference between wills and trusts in how transfers from them are taxed. In some states,
however, the probate and distribution process is simpler with a living trust. Your tax advisors can guide
you in choosing which vehicle will most benefit you.
You can amend a written will or trust to make a gift to the Central Florida WW2 Museum. Your attorney
can prepare the simple document, called a codicil, which adds a new bequest to the Museum. Similarly,
he or she can prepare an amendment to your living trust to add the Central Florida WW2 Museum as a
beneficiary.
The Central Florida WW2 Museum is not engaged in rendering legal or tax advisory services. The above
language is intended solely for general informational purposes. For advice and assistance in specific areas,
the services of legal or tax advisors should be obtained.
If you are considering the donation of artifacts by bequest, please contact us by any one of the
following methods:
Email: info@cfloridaww2museum.org
Mail:
Phone: (813) 504-3826
following methods:
Email: info@cfloridaww2museum.org
Mail:
Phone: (813) 504-3826
Central Florida WW2 Museum
4212 S. Manhattan Ave.
Tampa, FL 33611-1302
4212 S. Manhattan Ave.
Tampa, FL 33611-1302
| **Please be sure to advise the Central Florida WW2 Museum when a bequest in a will or living trust is established. |