Good Things Happen When You Make a WillWhen you make a will, you ensure the most productive use of your money for the benefit of those individuals and charitable institutions you care about. Look at the many other good things your will can do:
- You can direct the division of your property the way you choose, not the way the state decides.
- You can make special financial arrangements for family members who are minors, disabled or unfamiliar with money management.
- You can provide vitally needed support for Lewis & Clark.
- You can select an executor who is qualified to settle your estate promptly and economically with careful attention to your wishes.
- You can name a proper guardian for any minor children.
- You can devise an estate plan, with the help of a qualified attorney and other advisors, to minimize the taxes on your estate.
- Most of all, with a current will, you can make sure your estate will be given to the individuals you care about and help avoid family misunderstandings.
The official bequest language for Lewis & Clark is: "I, [name], of [city, state, ZIP], give, devise and bequeath to Lewis & Clark College [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
If so, there are several ways you can do this in your will. Here are some suggestions:
- You can leave Lewis & Clark a specific amount of cash or securities.
- You can leave Lewis & Clark a percentage of what’s left in your estate after other obligations are met.
- You can make a contingent bequest. That is, you give part of your estate to some individual if that person survives you; if not, then it goes to Lewis & Clark.
- You can create a trust to pay an income to your spouse or other relative for life and designate the remaining balance for us.
Copyright © The Stelter Company, All rights reserved.
The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.