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Basics: You and Your Will
 
 


Why have a will at all?

While most of us today know what a will is – and know too, vaguely, that it is important to have one – a full 66 percent of Americans pass away without leaving a valid will at all.[1]  Unfortunately, if you are among this number, you will have no say in where your funds and assets go after your death, and neither will your family.  Instead of your wealth being passed along to family and friends as you see fit, or to churches, charities, or other organizations of your choice, everything you own will be distributed according to standardized formulas, as prescribed by your state government. 

But aren’t “will and testaments” only for the rich? 

Not at all.  Wills are crucial – and easily achievable! – documents for anyone wishing to grant financial stability to their family, and for anyone who wants to have a say in what happens to their money and property after they are gone. 

One of the greatest advantages to writing a will is the measure of freedom and control you have in your charitable giving.  Remember: for as long as you live, you can always change your mind.  Your will remains entirely under your control.  Thus, if over time your values or circumstances change, you’ll rest easy knowing that you can completely revise your will to reflect these changes. 

In this way, remembering New Life Evangelistic Center in your will costs you nothing for as long as you live – you retain control of all your assets, and you have invested nothing that you cannot later revise or revoke to ensure your family’s financial security.

So a will’s a good idea.  But where do I begin?

The assistance of an attorney is not legally required in the writing of a will: anyone can write one at any time, provided they follow the right procedures.  However, New Life Evangelistic Center strongly encourages you to seek the legal advice of your attorney in writing and finalizing your will.  There are a number of small but common mistakes that can complicate or even nullify your will, so at the very least, do you research well.  Click here for a few of the basics of writing a will. 

 

 


 

[1] Statistic drawn from Bina Brown, “Estate planning: Making a will” (World Business, June 26, 2006).



 
 
 
 

   

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