You may have planned your estate through a revocable trust instead of a will. A transfer to Oklahoma Baptist University from your trust will bring you the same tax and planning benefits as a bequest from a will. A bequest can deliver a specific dollar amount, or a percentage of the balance remaining in your estate after taxes and specific bequests have been paid. Your bequest or trust distribution to us will reduce the taxable value of your estate for federal estate tax purposes, and is exempt from state inheritance taxes. Suggested Text for a Bequest: "I bequeath Ten Percent (10%) of the residue of my estate to Oklahoma Baptist University, an Oklahoma non-profit corporation located in Shawnee, OK, for its general purposes."Did you know that your retirement plan will be taxed more than almost all other assets in your estate? We offer a wise alternative. Make us the Beneficiary of your retirement plan. If the largest asset in your estate is your retirement plan -- your 401(k), IRA, Keough, or other such accounts -- you may be surprised to learn that the IRS will impose income tax on any balance that you direct to a non-spouse beneficiary. This tax is in addition to the estate tax that will be imposed on the account. For estates fully subject to the estate tax, the result can be that 75 percent of the value of your retirement plan will be consumed in taxes before your child, relative or friend receives it. There is a sensible charitable alternative: name Oklahoma Baptist University as the beneficiary of your retirement plan, then use other assets not subject to income tax to make gifts to your heirs. We won't pay income tax on our distribution and your heirs will receive their share of your estate without the burden of extra taxes. Whatever you do be earnest; whatever you say be true; give joy to all who meet you, but don't hold your breath til you're blue!