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 ministries they love. An up-to-date Will can help give peace of mind as you put in place the plan for blessing your family and the ministries you support. Perhaps, the largest gift you’ll ever give can be prepared thoughtfully and managed efficiently. If you have young children, you’ll have a plan in place naming who will care for them.
Reduce (or eliminate) unnecessary taxes and court costs.
A Will can help reduce hassles and costs in the settling of your estate. Thoughtful planning with certain assets like IRAs and retirement accounts can avoid taxes. This frees up more resources for your heirs as well as blessing ministries that you support.
Determine who will manage and who will receive what you leave behind.
Without a Will, state law determines who receives your possessions, and a court will decide who manages the process. On the other hand, your Will names the representative you trust to manage the money and thing God entrusted to you, making sure your legacy gifts go to those you desire to bless.
Decide who will care for your children.
If you have minor or special-needs children, a Will allows you to name the guardian of your children and a Trustee of the assets to provide for the children.
Include “ministry” in your family.
Your Will can be a powerful testimony to family, friends, and even legal and financial professionals. Including the ministries that you support – such as LivingWell Medical Clinic – is a wonderful way to express your values for generations to come.