Are you part of the 24% of Americans who have a will?
While August is officially National Make a Will Month, you can think about your legacy and how you want to support your loved ones and favorite causes after your lifetime at any time of year.
Maybe you’ve been procrastinating. Or, you think you don’t have enough assets for it to matter. Maybe you think it’s just too expensive or complicated to make a will and name beneficiaries.
There are compelling reasons to have a will despite your hesitations.
A will can:
- reduce family conflict, stress and confusion in a time of sorrow and distress
- reduce probate expenses
- support a favorite nonprofit organization(s)
- document your wishes so that they can be honored
Reviewing your will (if you have one) or creating one (if you don’t) is especially important if you’re going through a significant life event, like marriage, divorce, or welcoming a new family member.
Below is sample bequest language to support the William George Agency and its mission to provide a safe and caring residential environment for at-risk youth. A thoughtful gift of any amount will enhance the services our Agency offers young people and their families, while also supporting our facilities, horses, and livestock.
OUTRIGHT GIFT: I give and bequeath to The William George Agency for Children’s Services, a non-profit located in Freeville, New York (EIN: 13-1857994), the sum of ($____) to be used for its general purposes (or for a specific purpose if desired).
RESIDUAL BEQUEST: All the rest (or a percentage), residue, and remainder of my estate, both real and personal, I give, devise, and bequeath to The William George Agency for Children’s Services, a non-profit located in Freeville, New York (EIN: 13-1857994), to be used for its general purposes.
CONTINGENT BEQUEST: I give and bequeath to (name of person) the sum of ($____) in the event that they shall survive me. Should said (name of person) predecease me, I give and bequeath said sum to The William George Agency for Children’s Services, a non-profit located in Freeville, New York (EIN: 13-1857994) to be used for its general purposes.
Whatever you choose, spending some time reflecting on the legacy you want to leave is time well spent.
Thank you for considering the William George Agency as a beneficiary in your will. To learn about giving options, please contact our Development office or call 607-844-6243. Please consult your attorney or professional advisor when making estate plans to discuss your specific wishes and unique circumstances.
Estate Planning Resources: American College of Trust & Estate Counsel