Planning Your Will

Everyone should have a will

A will enables you to do the following:

1. Name a personal representative of executor who will oversee the disposition of your estate according to your desires and intentions.
2. Nominate a "guardian of the person" to raise minor children if the other parent is not available.
3. Provide a guardian to handle property minor children might inherit.
4. Continue your Christian stewardship after your death by making special gifts to charitable organizations such as Red Bird Mission.
5. Avoid unnecessary taxes and costs in the settlement of your estate.
6. Make gifts and care for the needs of persons other than family members.

Where to begin

Before consulting an attorney about drafting a will, consider the following questions:

• What does my estate include (cash, real estate, life insurance, securities and other investments, retirement plans, personal items)?
• What assets require special treatment, such as a closely held business?
• What happens to the estate if my spouse and I die together?
• Do I need to name a guardian for minor children?
• In addition to my spouse and children, are there other persons dependent upon me for primary care (aged parents, grandchildren, friends)?
• To whom should I leave my assets if I am single? Should I leave my estate outright or in trust?
• After my death, how can I continue to support charitable organziations that I supported during my life?

An attorney will ask you these and other questions in order to draft a will that meets your specific needs and that will conform to state laws.

Please Note:

The information here is only intended as an educational tool. Please contact your legal or financial advisor before making a decision about any planned gift.

 

If you are ready to begin the process to receive your free financial planning report with recommendations please email:
Mission Advancement or call 606.598.3155

Thank you for your interest in the future of Red Bird Mission!