National Estate Planning Awareness Week - OCTOBER 16-22, 2017

Did you know that over 50% of Americans do not have updated estate plans? Estate Planning Awareness Week is the perfect time to think about and plan for how your affairs will be handled. A few simple steps today can give you peace of mind tomorrow by making sure you and your loved ones are well protected!
 
Contact the UC Foundation Office of Gift Planning at 513-556-6293 to receive a FREE Planning Your Legacy Wills Guide to help you get started.
 
Here are a few things you should know:
 
What does an estate plan consist of?
In addition to a will, estate plans include a healthcare directive, a financial power of attorney and trusts.
 
Why is it so important to have an estate plan?
Though it can be difficult to plan for a time when you are gone, it is an important step to take to ensure that your assets are distributed appropriately upon your passing. An estate plan – particularly a will – allows you to make these important decisions now to make the process easier for your loved ones later.
For parents – or even pet owners – the process becomes even more important. A will lets you decide who will take care of your children if something should happen to you. In addition, it allows you to disinherit people from your will if necessary.
And for the philanthropically-minded, you can leave a lasting legacy by making a donation to your favorite organization while you plan your will.
 
When do I need to start my estate plan and who do I contact?
It’s never too early to start planning your estate. You can change your will as your life circumstances change, so it’s important to get started now. Before you contact your lawyer, it is good to do some research. In addition, you may ask yourself the following questions to get started:
  • What are my assets, income and liabilities? (e.g., Do you own a home? Do you have a retirement plan, 401(k) or life insurance?
  • Who should benefit from my estate?
  • How should that person/those people benefit? (e.g., trusts)

 

If you have any questions about estate planning, please contact giftplanning@uc.edu or visit uc.giftlegacy.com.

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