Frequently Asked Questions

bequests


To establish an unrestricted gift in your estate plan for the O’Neill we would suggest language like: "I give and bequeath, absolutely and forever, the sum of $_____________ (or _____% of the rest, residue and remainder of my estate) unto The Eugene O’Neill Theater Center, Waterford, CT, for the general support of the organization." To establish a scholarship through your estate plan, we would suggest using language like the following: "I give and bequeath, absolutely and forever, the sum of $_____________ (or _____% of my residual estate) unto The Eugene O’Neill Theater Center, Waterford, CT. I direct that this gift shall establish the ______________ Scholarship (whatever name you prefer), to provide assistance to deserving students studying (restriction, if any). I further request that, should this fund meet the financial requirement, the O’Neill permanently endow this scholarship."




beneficiary designations


Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:

  • IRAs and retirement plans
  • Life insurance policies
  • Commercial annuities
It only takes three simple steps to make this type of gift. Here's how to name the O’Neill as a beneficiary:
  1. Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
  2. Decide what percentage (1 to 100) you would like the O’Neill to receive and name it, along with the percentage, on the beneficiary form.
  3. Return the completed form to your plan administrator, insurance company, bank or financial institution.





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© 2020 Laura Ashwood. All Rights Reserved.