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Probably the most well-known estate-planning tool is the last will and testament. Whether standing alone or as part of a multifaceted estate plan, a will is a convenient and often simple and straightforward way to distribute assets to those you love. It can also be a powerful way to help animals.
You can structure your will to make PETA the beneficiary of a specific dollar amount or property, a percentage of your estate, or a percentage of your residuary estate, which is what remains after all specific bequests and expenses have been accounted for.
To name PETA in your will, all you generally need is the following information:
The following language can generally be used to make a bequest to PETA:
"I give, devise, and bequeath to People for the Ethical Treatment of Animals, Inc., federal tax identification number 52-1218336, with the permanent address of P.O. Box 42516, Washington, DC 20015, the sum of $_______ [or describe the real or personal property or percentage of your estate] to be used for its general purposes."
A will is one way to ensure that your assets will be distributed according to your wishes. Failure to properly plan and express your wishes in a will or other estate document will result in your losing control of your estate once you have passed, with its assets distributed in accordance with the laws of your state through intestacy, regardless of your intentions. Through a properly tailored will or other estate plan, you have the opportunity to ensure that your compassion continues to make a difference for animals long after you have gone.
As always, we suggest that you consult with your independent financial, tax, or legal advisor for specific help with your particular situation, as the above is intended as an introductory outline only and PETA does not provide financial, tax, or legal advice. But if you would like more information about the various ways that you can benefit PETA, please click here.