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Legacy, Purpose, Impact: August is Make a Will Month
August is Make a Will month and the perfect time to reflect on the importance of creating a plan for the future, not just for yourself and loved ones, but for causes or organizations that are important to you.
As the saying goes, “where there’s a will, there’s a way” and many things can be achieved through a well-crafted estate plan. If you’ve already written your will, make now the time to review it. A will can easily be amended with a simple document called a codicil prepared by your attorney.
- Security: Creating your will allows you to communicate important financial and healthcare decisions, so you and your loved ones are prepared for whatever the future may hold.
- Peace of Mind: A will allows you to provide for the people you love, so they will always be supported.
- Impact: By including an optional planned gift in your will, you can continue to support the causes you believe in.
Your Legacy: Impact
A charitable bequest in your will or revocable trust allows you to invest in future generations of care at Cooper without affecting your cash flow during your lifetime.
- You maintain control of your assets.
- If your situation changes, you can revise your will at any time.
- You can claim unlimited estate tax deductions for your bequests.
Retirement Plan Donations: A Word of Advice
Donating the remaining balance of your retirement plan makes for a tax-wise gift. To avoid including such a plan in your taxable estate, we recommend using your successor beneficiary form to name The Cooper Foundation your beneficiary rather than including the plan in your will.
Protect those you love while creating opportunities for the future of health care through a planned gift.
Learn more about your giving options or how you can invest with purpose, supporting organizations and causes that are important to you.