4 Insider Tips From a Will Planning Attorney

Posted on: August 16, 2017

1. I already have a will, so I’m set, right?

Not necessarily. Unlike antiques and wine, a will doesn’t improve with age. Many things in your life might have changed since you first created your will—a divorce or remarriage, a new child or grandchild, revised tax laws, a move to another state, valuable new assets or the addition of planned giving.

Your Attorney’s Role
An estate planning attorney can help you determine if it’s time to breathe new life into your outdated will and can make recommendations for updating it based on your current circumstances.

2. The internet can help me write my will for free. Why should I pay for the services of an estate planning attorney?

Do-it-yourself will kits may be widely available online, but there are no safeguards to ensure that they’re accurate and that the generated documents are implemented correctly. There’s more to writing a will than just filling in the blanks.

Your Attorney’s Role
A qualified estate planning attorney can help you protect your assets, minimize taxes and find the best ways to provide for your loved ones and the organizations that you support, such as The Peninsula Metropolitan YMCA.

3. I just finished writing and updating my will. Planning done?

Not so fast. Your will doesn’t cover everything in your estate. The beneficiary designation forms for your retirement plan and life insurance policies dictate who will receive these assets. Keep your beneficiaries up to date so that your assets end up with your intended recipients.

Your Attorney’s Role
As part of the will planning process, your attorney will review these accounts to ensure that they coordinate with your overall plans.

4. The Peninsula Metropolitan YMCA planned giving is important to me. How can I continue to support this work after my lifetime?

Including The Peninsula Metropolitan YMCA in your plans is a thoughtful way to invest in the future of our mission. Planned giving is also your opportunity to give voice to the values you live your life by.

Your Attorney’s Role
There are many ways to remember The Peninsula Metropolitan YMCA in your will or other financial plans. Your attorney can help you find the gift that best meets your family’s needs and charitable goals.

We’re Here to Help with Planned Giving

In addition to providing peace of mind, your will and other financial plans provide a flexible way to support a cause that’s close to your heart. To learn how you can give a gift that changes lives at our organization, contact Danny Carroll at 757.223.7925 ext 203 or dcarroll@peninsulaymca.org.

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