August is known as make-a-will month, which is an annual reminder of the importance of either writing your will – or maybe reviewing your will for any necessary updates. Abraham Lincoln, Prince, Jimi Hendrix, Aretha Franklin, Kurt Cobain, Howard Hughes, and Bob Marley all have what in common? They died intestate – without a will.
Who Needs a will?
In short, all of us need a will. Surprisingly, approximately 70% of Americans will die without making a will during their lifetime. This leaves our family, friends, and charities without a clear understanding of your intentions. The matter becomes even more complicated when there are small children involved and the issue of guardianship is not specifically articulated.
Aren’t wills just for “rich people?”
An individual’s wealth and assets may determine how lengthy or in-depth a will or estate planning may be, but it certainly does not dictate the need. Every family, regardless of their wealth should have a will. If there is no will, things have a tendency of getting complicated quickly—leading to the possibility of family feuds as well as having the government decide how to administer your estate.
Why is a will important to me?
- It allows you to distribute your property as you intended and ensures that your assets go to the people and places you want to have them.
- It can provide peace of mind to you and your family and eliminate confusion over your assets.
- You can plan for those in your care (naming a legal guardian for your minor children or specific care for your pets).
- You can use your will to benefit your favorite charities – like Wagner College.
How to get Started?
Go to the Wagner College planned giving page on the website at: https://wagner.edu/alumni-friends/gift-planning/ and complete the free questionnaire.
Feel free to call me for guidance:
