The articles below can help guide your future steps and bless your family.
5 Best ways to bless your family's future.
- Get a Will. When people start adding up the value of their home, life insurance, retirement accounts, and other property, they begin to see that even with a modest middle class estate, a plan is needed that provides for their families and the charities they love.
- Reduce (or eliminate) unnecessary taxes and court costs. A Will can help you reduce probate hassles and costs, avoid certain taxes, and decrease other administrative expenses - freeing up more resources to your heirs and charitable work.
- Decide who will manage your stuff after you die. Without a Will, a court decides how to distribute your estate. On the other hand, when you name your own representative in your Will, you decide who will distribute the money and things entrusted to you.
- Decide who will take care of your kids. If you have minor children, a Will allows you to name the guardian of your children and a Trustee of the assets to provide for the children. If a court is left to make these decisions for you, your spiritual values may be disregarded.
- Include "charity" in your family. Your Will can be powerful a testimony to family and friends. Including your extended "family" in your Will - namely your church and favorite charities - is a wonderful way to express your values for generations to come.
What happens if i die without a will?
If you do not have a Will, the State actually has one for you. Unfortunately, that means state law would determine (without your input):
- Who will be the next steward of the resource entrusted to you
- Who will care for your young children
- Who will administer your estate
With a Will, you get to decide these things. In addition to making sure your immediate family is provided for in your Will, you can also bless your extended "family" - including your favorite charitable organizations.
Top 10 reasons to update your will
These 10 life events may signal it's time for an up-to-date Will:
- Marriage or Divorce
- New baby, adopted children, or stepchildren
- Moving to another state
- Changing your mind about heirs
- Major changes in property ownership or financial assets
- Changes in estate planning and estate tax law
- Death or disability of someone named in your Will
- Children have reached the age of 18
- Yu would like to provide for a ministry organization
- It has been three years or more since you have reviewed your Will