What Will Be Your Legacy?
It is very normal to wonder who will remember you when you're gone. Of course, your friends and family will remember you — hopefully, you've mended the rough patches over the years and you will be remembered fondly by those closest to you.
More importantly, however, there comes a time in life when we wonder whether we've made a difference in the world, and what we can do in the days we have left to make a difference well into the future. What will be your legacy?
Consider your legacy options
If you anticipate leaving assets to your heirs when you pass, you may want to consider leaving a portion of your wealth to a charitable organization. Many leave gifts to their college alma maters or to non-profits they supported during their lives. These organizations appreciate gifts of any size.
Educational institutions and other large non-profits frequently have someone on staff who can provide valuable information about the anticipated use of your gift. This information can be helpful in deciding which organizations you want to receive the benefit of your generosity.
Plan your legacy today
If you are thinking about making a charitable gift in your will, an experienced estate planning attorney can guide and inform you each step of the way as you structure your estate, including advice about the pros and cons of charitable giving in your will, avoiding probate for some of you assets, lifetime giving and tax-saving plans.