August 01, 2010

Good Things Happen When You Make a Will

What do you want your will to do? When kept up-to-date, your will can specify your exact wishes. Check to make sure your will covers these seven planning practices.

When 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.

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.”

 

  • 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.

Please contact Sharon Bosserman-Benson for the Undergraduate or the Graduate School at 503-768-7911, 800-753-9292, or plangivg@lclark.edu, or the Law School development office at 503-768-6901 or lawgive@lclark.edu if you are considering remembering us in your will. We would be happy to answer any questions and show you how your future gift can make a difference.

 

Question Mark Do you want to help shape our future after your lifetime?
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.