What is an Estate Plan?
An estate plan is a specific statement listing your preferences in conserving and protecting your income and assets during your lifetime, and your estate at your death. Such a plan incorporates meeting your need for spendable income now and security for retirement or disability, and it allows you and your heirs to take advantage of current estate tax laws. Perhaps most importantly, an estate plan allows you to choose the best way to pass property to family members, charities, and others during life and after death. Who needs an estate plan? Everyone needs an estate plan – you need an estate plan! This is a good, individual plan which reflects your needs and wishes. Estate planning is not just for millionaires. An “estate plan” is not a will. The state will dictate how your wealth and property are distributed at your death, but will not make a plan for you. Including Bethel in your estate plan The Office of Development invites you to talk with us about planned giving options that would
