You name San Francisco Opera as a beneficiary in your will or living trust, designating the gift of your choice (for example, cash, real estate, personal property, or securities).
There are several types of bequests to choose from. You maintain complete control of your assets during your lifetime and possibly save on estate taxes.
Specific Bequest: designates a specific dollar amount or specific asset to San Francisco Opera.
Residual Bequest: San Francisco Opera will receive the remainder of your estate, or a designated percentage, after all necessary costs and bequests to others have been satisfied.
Contingent Bequest: assumes that you want to leave your entire estate to family and friends. However, if you outlive any beneficiary, you can instruct that San Francisco Opera receive that portion of the estate.