Estate Planning
When you hear the term “estate planning,” what comes to mind? Many people assume it has something to do with a will, but it also involves making other types of end-of-life arrangements. Estate planning is the process of caring for yourself and your assets while you are living, making end-of-life arrangements, and planning for the orderly transfer of assets to other persons and organizations during your life and beyond. A good estate plan addresses your current situation and positions you to thrive in the years to come.
Why Make an Estate Plan?
Through the process of estate planning, you can ensure the wealth you have accumulated throughout your life goes exactly where , to whom, and when you choose.
While estate planning can entail some difficult choices and confronting some uncomfortable issues, it can also provide a sense of calm. You will have planned and provided for yourself, your loved ones, and the important causes in your life. Many who leave such gifts find great satisfaction in knowing how their legacies will be carried on.
Benefits of an Estate Plan
Peace of Mind for You and Your Family
An estate plan allows you to ensure that the wealth you have accumulated throughout your life goes exactly where, to whom, and when you choose. If you don’t have a will or living trust, the state will impose a distribution plan on your behalf, which may not match your wishes.
Distribute as You Want
An estate plan can provide directions for others to follow in case you become incapacitated and are unable to make decisions for yourself. The plan can organize your affairs and assets and designate who will handle them, provide for your loved ones, and even appoint a guardian for minor-aged children.
A Financially Wise Choice
Estate plans help minimize possible estate taxes and probate fees and allow you to specify the type of funeral arrangements you would like. You can also provide for friends, pets, and/or the organizations you care about.
Let us help
Get information on gift strategies that can help you support Robin Hood and provide benefits to you and your family.
Austin Wrubel
Director of Planned Giving
212-844-3521
wrubel@robinhood.org