Testamentary Life-Income Gifts

Gift of Appreciated Securities Diagram

How It Works

  • You write a will or revocable trust directing a bequest to Exeter.
  • You provide that the bequest first create a life-income gift benefiting your designated recipients.
  • After their income interest terminates, the remaining balance in the gift passes to Exeter to be applied to the purposes you specify.


  • One estate asset can benefit both Exeter and your heirs or other desired beneficiaries.
  • Your estate will be eligible to claim a charitable deduction for a portion of the amount of your bequest.
  • You can modify your bequest if your circumstances change.

Next: Tell me more...

Please contact us so that we can assist you through every step of the process.

Questions and Answers

What happens if my named life income beneficiary dies before I do?

How large will my estate's charitable deduction be?

How many life income beneficiaries can I name?

May I designate the purposes for which the gift remainder is used at Exeter?