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3 Important Questions When Preparing Your Estate Plan
Bob Hope was known for his wisecracks, but the comedian - who selflessly gave his time and talents over the decades to entertain American troops around the world - understood the intrinsic value of helping others. "If you haven't got any charity in your heart," he once said, "you've got the worst kind of heart trouble."
1. Have you spelled out your wishes in your will? You may have mentioned once in passing to one of your relatives that you would like a favorite charity to receive a certain amount; but unless your will makes that stipulation, it will not happen.
2. To whom should you make gifts? First, you will want to ensure that your loved ones are taken care of. Then you might think about where your time is now spent - with the organizations and interests that matter the most to you, such as your place of worship, a service organization, or the Center for Coastal Studies. Charitable gifts help perpetuate the ideals and causes you believe in.
3. How much should you give? The answer lies in your heart - namely, what feels right to you. Whatever your choice, you may be surprised at how the mere act of making this decision and including it in your will lightens your step, makes the world seem friendlier, and gives you peace of mind. |
