Did you know that August is “National Make-aWill Month”? It is the perfect time to be reminded of the importance of creating or updating your last will and testament (will).
There are many ways you can use your will to benefit a charity - you can give cash, stock, real estate property, and more. Leaving gifts for charities in your will costs nothing during your lifetime but ensures that you can make a positive impact on causes close to your heart for years to come.
It is important to keep your will updated. Estate attorneys recommend reviewing your will every three to five years, or whenever you experience a life event. In August, if you have a will, consider reviewing it to ensure it is updated with your current wishes. It also is a suitable time to review and update the beneficiary designations on non-probate assets like life insurance policies and retirement accounts.
If you would like a listing of local professionals that can help you with your estate plans, or if I can be of any other assistance, please don’t hesitate to reach out to me.
Thank you,
Lisa P. Sierk, Director of Endowment Ministries
LSierk@RRUMC.org or 216.926.1702