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Why does everyone need a will?
With a Will
You can direct the distribution of
your assets to those you care about most.
You can choose a personal representative (executor) who will oversee the distribution of your assets.
You avoid unnecessary expenses on the administration of the estate.
You can provide appropriately for minor children by naming a guardian or establishing a trust.
You can provide for family members, friends, or relatives according to their needs.
You can save considerable estate tax by utilizing proper estate planning techniques.
You can provide support for charitable causes that have a special meaning for you.
Without a Will
State intestacy statutes determine
the distribution of your property.
The court appoints an administrator for you.
Because the administrator is subject to constant court supervision, the cost of administering the estate may be greater.
You cannot provide for minors. The court will appoint a guardian for them, and the guardian will make decisions about a child’s care that you should have made.
Your heirs will benefit equally by class not necessarily in the proportions you would have intended.
Your estate may lose thousands of dollars in needless taxes because you did not take advantage of the tax-saving opportunities available to you.
You cannot support a charitable cause.
"I don't have much property."
Source: Excerpted with permission from The Complete Guide to Planned Giving by Debra Ashton, pages 273-4, copyright 2004, Ashton Associates, Quincy, MA 02169 www.debraashton.com
For more information or a confidential discussion of your charitable options, please email or call the Development Director, John McArdle, at (541) 917-4210 or Jim Birken, Planned Giving Manager, at (541) 917-4254.
We Look Forward to Hearing From You!
Calapooia Center Building, room CC-105
6500 SW Pacific Blvd.
Albany, OR 97321
Federal Tax ID#: 23-7212073