Making a Difference

You Have an Estate. Do You Have a Plan?

The most common misconception about estate planning is that planning an estate is only for the very wealthy. Another widespread misconception: estate planning is a painful, burdensome, and expensive process. Nothing could be further from the truth because, in reality, everyone should make plans for their estate and there are some simple ideas you can think about to get started.

Your estate is all of the property you own, and your estate plan is the set of instructions that you put in place to direct the disposition of your property during life and at death. This includes the charitable gifts you want to make.

For most of us, an up-to-date will or living trust is the foundation for an effective estate plan. Anyone who dies without a valid will or living trust subjects their estate, family, or other heirs to intestacy laws. These laws determine the distribution of assets according to a statutory formula which rarely, if ever, matches a property owner’s personal preferences for estate distribution. If you want the people and causes that matter most to you to benefit from your estate, a will or living trust is absolutely essential.

Feel free to contact us for more information about planning a will or living trust. There are many simple and personally satisfying ways to meet your personal objectives while also realizing your charitable goals. It would be our pleasure to work with you to help you explore your best options.

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