National Make-A-Will Month began on August 1st. Have you drafted or updated your will and estate plans recently? No matter where you are in your life, now is the perfect time for this important task!
Estate planning isn’t just about money. It’s about love and peace of mind. Whether you’re 18 or 80, having an up-to-date will is the best way to protect yourself and your loved ones.
In your estate plan, you decide, in detail, how to distribute your assets and property. This includes not only items like stocks, homes, vehicles, cash, and jewelry, but digital assets and pet care as well.
Including NYF or another nonprofit in your estate plans
Including a nonprofit in your estates plans like your will and/or as a beneficiary of your accounts can be as simple as adding a single sentence or amendment to your will.
Leaving part of your estate to a nonprofit is also great way to reduce estate taxes for your heirs.
Popular ways of making these planned gifts include leaving a specific amount, leaving a percentage of a donor’s total wealth, or designating the remainder of a donor’s estate after other bequests have been paid. Additionally, if you decide to designate a charity as a beneficiary, it doesn’t have to be all or nothing. You can always decide to leave any percentage you wish to one or multiple charities.
See below for more information about the different ways you can include NYF (or other charities) in your estate plans:
- Planned Giving Through Your Will
- Planning Giving Through Charitable Trust
- Planned Giving with Retirement or Insurance Funds
The Legacy Circle
When you include NYF in your estate plans, you will automatically be invited to join our Legacy Circle!
The Legacy Circle is NYF’s way of saying Dhanyabad, or Thank You, to those who remember us in their estate planning. All you need to do is let us know when you’ve included us in your will or other plans—no minimum bequest required—and you become part of this special group.
Bequests and other planned gifts make an incredible difference for nonprofits like NYF. Indeed, these generous remembrances help bolster organizations like ours through unexpected disasters like earthquakes and pandemics. They truly allow us to maximize impact for the children in our care.
These special donors mean the world to the NYF team. It is a profound honor to be included in a long-time supporter’s estate planning. What a joy to know that our programs in Nepal can continue providing Education, Health, Shelter and Freedom for children in Nepal for years to come!
Don’t know where to start? Try FreeWill.com!
Whether you are starting your very first will or simply reviewing your existing plan, we hope you set aside time during the month of August to consider these impactful plans. FreeWill.com is an excellent, nonprofit-friendly place to start!
FreeWill’s user-friendly interface helps you create a real, legally-binding will based on your state and your unique circumstances. It’s also completely free. They may even remind you of an asset you’ve forgotten to include!