Yes. Even though the unlimited marital deduction eliminates estate taxes when your estate passes to a surviving spouse, that's not the solution for other survivors. You can take full advantage of estate tax savings by creating trusts through your will.
We recommend that you obtain the professional counsel of a lawyer who specializes in probate and estate planning. If you are considering a gift to Marquette University, we will be glad to help you and your attorney design the best plan for your wishes, financial circumstances and tax concerns.
Over the years, bequests have come from alumni and friends who want to strengthen and enhance Marquette's educational experience. A bequest may be made by preparing a new will or by adding a codicil (legal document that amends your will) to your present will.
While you should consult with your legal adviser to make such changes, we have provided the following language as a guide.