OHSU

Revocable Living Trusts: Getting Started

A revocable living trust can provide for you now and work together with your will to provide for your family after your lifetime.

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A revocable trust agreement is simple. You transfer assets—usually cash and securities—to the trust, naming the trustee of your choice. (That trustee may even be you.) You're the beneficiary of the trust during your lifetime. The trustee will manage the assets and pay to you the net income—or if you want additional funds, a portion or all of the principal.

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A living trust can be a way to manage your investments—for your benefit during your lifetime and for your family's benefit afterward.

After your lifetime, the trust becomes irrevocable. Your specified loved ones can receive lifetime income or principal from the trust, or you can have their share given to them in a lump sum, much like a regular will. When the trust terminates, the remaining assets are given to the beneficiaries you chose, often in the form of percentages. Should you choose to include OHSU Foundation in your trust as a beneficiary, we can use the percentage you designate to us for our important needs.

If you'd like to remember Oregon Health & Science University after your lifetime, share our bequest language, to add to your living trust, with your estate planning attorney.

Thank you for considering a gift to OHSU through your will or revocable living trust.

It is important that the bequest designation read "OHSU Foundation." The foundation has been established to receive, manage, and disperse funds in the best way possible for the benefit of OHSU.

Basic Sample Bequest Language

"I hereby give, devise and bequeath ________ (a specific dollar amount or percentage of the residue of my estate) to the Oregon Health & Science University Foundation, a non-profit corporation of the State of Oregon, to be used to further the purposes of the Oregon Health & Science University in the area of greatest need."

If you wish to direct your gift to a specific area, we would be happy to help you with appropriate language. Please contact the Gift Planning Department at 503-228-1730 or 800-462-6608 or pginfo@ohsu.edu.

Oregon Health & Science University (OHSU) Foundation (Tax ID # 23-7083114)
1121 SW Salmon Street, Suite 100
Portland, OR 97205-2020



Beginning July 1, 2011, a 2.5% administrative fee may be applied to gifts.
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 Learn more about giving back through your will and living trust.

Please contact Office of Gift Planning at Toll Free 800-462-6608 or 503-228-1730 or pginfo@ohsu.edu if you have additional questions about supporting Oregon Health & Science University through your revocable living trust. We're happy to help without obligation and in confidence.