A will is an important and essential gift that we can leave for our loved ones. A will allows us to make important decisions, while living, that ensures that our estate plan will be carried out in accordance with our wishes and determinations.
It is recommended that all individuals, regardless of current age or life stage, complete an estate plan. The makeup of an estate includes such items as a home, cars, bank accounts, stocks, bonds, mutual funds, life insurance policies, retirement plans, business interests, furniture, and collections. It also includes making decisions about the care of minor children and determining personal wishes regarding critical care medical treatment and health care directives. An estate plan allows you to:
Depending on individual circumstance, an estate plan could include the development of a will, living trust, living will and/or powers of attorney. A beginning checklist of questions that an estate plan can resolve is provided here. This list is provided as an informational gathering starting point and is not intended to be an exhaustive or all-inclusive listing of the issues and needs that should be considered when developing an estate plan.
Because an estate plan must be individuated to the specific needs, family constellation and financial circumstances of the individual, it is highly recommended that one consult with qualified financial, legal, and tax professionals who specialize in and can assist in the development of an estate plan.
Many individuals elect to provide gifts for their favorite charities in their estate plan. This is accomplished through planned giving.
Planned giving is the process of arranging charitable gifts that fit well with your financial and tax situation. In many cases, the right planned gift may enable you to achieve a significant estate or financial planning goal while also making a substantial gift to the National Fertility Support Center. If you are interested in learning how to support the National Fertility Support Center with a planned gift, please visit our planned giving section.
Links to Free Informational Resources about Estate Planning
http://nicep.org/free_info.php - The National Institute of Certified Estate Planners
Please note that we are providing this information for your general education only. We are not providing you with legal, tax, or financial planning advice. You must work with a qualified professional adviser to determine how best to plan your own estate. The inclusion of a resource list does not imply endorsement of nor referral to any individual, organization or document plan and is included for informational purposes only.