Financial Seeds to Plant Now
Have you planted seeds for the future? A will or trust can ensure that the seeds you sow will benefit the people and causes you love.
Many people, especially young individuals and those who feel that their estate is too small, believe that a will represents an unnecessary expense. But, you need a plan for the future and the preparation of a will need not be expensive. Even if you don’t own a lot of property, a will is needed to make other important decisions:
• Naming an executor
• Naming a legal guardian for minors
• Making gifts or transfers
• Reducing estate tax liability
In the absence of a will, the state will resort to a formula. A judge will name an executor, a bond may have to be posted, the court will name a guardian and a formula will determine asset distribution.
A charitable bequest is one of the best ways for you to express your specific philanthropic goals. In fact, the bequest is the most frequently utilized method to support charity in America.
Here are some options for your bequest to charity:
• A specific dollar amount
• A percentage of the estate
• Specific assets
Compassionately Serving in Community So That All Are Free to Choose Abundant Life
The United Methodist Communities Foundation, established in 1985, supports the missional focus of the communities and acts as an independent entity, enhancing the mission, philosophy, and ministry of the organization. To find out more about our the Foundation, contact us today.